Sino Agro Food Inc (fka SIAF)

[melehuna]

Conference Call impressions ...

1. The first caller was a jerk (note: IMO there are some intelligent jerks on this forum, but this guy was just an obnoxious, dumb jerk who added no value). How can he believe that his hostility is constructive? If anything, it provokes mistrust and defensiveness, so that shareholders likely get less information. I would recommend a different approach, except that the jerk hasn't shown any ability to reason, just how to be aggressively (and unimpressively) hostile. Such a waste of time!

2. I was encouraged that the shrimp journalist Bob Rosenberry (http://www.shrimpnews.com) announced himself on the call as a SIAF investor. He asked a few good questions (about species being raised, and "flies" vs. "fries"). I'm now confused about the latter and curious about the former. I'll send an email and ask if someone at SIAF will clarify, then will post the response here. Solomon replied to Rosenberry's inquiry about EMS -- early mortality syndrome that is affecting South East Asian shrimp -- clearly, with confidence that SIAF's prawn farming methods should prevent such disease from being introduced.

3. Solomon mentioned marketing forays into Fujian province (answering my recent question on the board) and Beijing, based on successful market reception of SIAF aromatic beef and sleepy cod. He said that SIAF sleepy cod are surviving 8 days in restaurants, versus the usual 1 day survival rate. Very impressive!

4. Not all of the questions on our list were asked, and I was too late/too slow to "raise my hand" at the end (phone was asleep and locked).

5. Solomon did say that he heard that the summer holiday might affect FN timing, he also said that he will be in Sweden at the end of this month to appoint Swedish IR representatives and to move the listing forward as much as possible. He said that he and his organization have complied with all requests. I didn't interpret his comments as a known delay until late summer, but more a shared insight about what's out of his control. I'd guess that his primary purpose in Sweden will be to move the process to completion. I thought that he addressed the FN listing pretty thoroughly in his prepared remarks.

p.s. I wonder if caller #1 (the jerk) is the same person who wrote that stupid question number 19?