Sino Agro Food Inc (fka SIAF)

[viking86]

I didn't get a chance to ask S about the 260mt of shrimp they imported from Vietnam and 80 mt seafood from Norway last summer. I suspect that much of that was stored somewhere and now sold at WC1 this year. We know that WC1 didnot have any rev last year. If that's the case, all that rev (5 to 7 m USD I guess) will go to Q1 at practically no cost and would make up the lower selling price and margin of sleepy cods b/c the shipments were probably already all paid for last year (unless they bought it on credit). We 'll know more about that in a few weeks I hope.