Sino Agro Food Inc (fka SIAF)

[treit2002]

Not even a killer 10Q has had such effect so far.

That's because the financing policy has trumped the fundamentals, because it dilutes eps and because it creates share overhang.

I have very little doubt -- almost none, that the company will list in Sweden. No matter what happens with the financing policy, the shares are better off here and now than when they dumped the last 15M shares in 2012.

That is because even if they maintain the same policy -- and I sure hope they don't:

1) the percent of dilution will be less in 2013 than 2012
2) the listing in Sweden will add buying volume absent in 2012 to sop up new shares
3) the probable number of new shares issued for the same capital development dollars will be less, if, as is reasonable, the new listing helps the price
4) the pps is so low

But that's the worst case. Any statement that shows they are moderating the equity financing in favor of anything else represents upside.

To the extent that the financing threat is mitigated, the fundamentals will have greater impact (in a rational world).

So, the update in two weeks is crucial; more so because it will be followed so quickly by new and likely receptive volume.

As for a triple bottom, don't see how you can make that call until there are at least a few days consolidating and advancing the move off $.38. Looks fairly well primed to happen tho.