Sino Agro Food Inc (fka SIAF)

[melehuna]

We are speculating about an inquiry, so let's try to maintain perspective. There is no promise of anything. George may be giving an example to prove that since he and Nisse joined the board, they have focused on improving shareholder value.

I do believe they've worked hard (and well) on doing just that. We can see the steps they've taken to position Sino Agro Food for institutional interest and investment. Two of the most important things are the S-1 (essential, IMO), the Certified Advisor (credible, independent due diligence), as it's forced the company to new levels of compliance and professionalism that are suitable for higher exchanges. But these processes are taking a really long time, and it has been frustrating.

I don't think we should get overly excited about the mention of an inquiry in the conference call. George would not be allowed to tell us of such an inquiry if it isn't true. It is encouraging news, but it illustrates a possibility, not an actual done deal.

Having said that, on the upside, one possibility could be that such a "very premier equity fund" takes a small stake in SJAP. That doesn't rule out -- actually might help -- a later spinout. And could replace the need for the bond or selling HU, etc. -- raising capital they need without further dilution.