Sino Agro Food Inc (fka SIAF)

[tomatotom]

I don't expect a bond issue. What I do expect is a share tender of between 5 mil and 20 mil in the form of an IPO for FN trading. I expect the buyers of that issue to mostly be market makers in Sweden. Issue price will depend on two factors: the current share price in the US and the demand for shares in Sweden. The higher the share price in the US, the better for the company. Since Penser is the major backer of this offer, I expect them to take the lead in raising the share price just before the start date. In other words, they are just biding their time until the FN listing is imminent. If the share price jumps higher, the listing is coming up within the next two weeks.