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prokopton

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prokopton

Re: treit2002 post# 30147

Sunday, 02/17/2013 6:24:15 PM

Sunday, February 17, 2013 6:24:15 PM

Post# of 163719
SIAF loaning/paying money to other companies in which SIAF has ownership in, then having those same companies pay SIAF back as "services" doesn't sit well with me.

Enron was shuffling around money among its subsidiaries to pad its balance sheet for awhile until people caught on. In no way is SIAF an Enron but shuffling money around among JV partners/subsidiaries is a common accounting method to pad revenue.

All I'm saying is "to be safe" in light of all the recent Chiscams, that's how I would evaluate the company.
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