Sino Agro Food Inc (fka SIAF)

[melehuna]

I think that there is a third option. Do both:

1) Try to convince the market and change the way people perceive this company.

AND

2) Try to convince Solomon to change his behavior.

Doing both is the best approach. I am convinced that Solomon is working very diligently to get more conventional financing and end dilution. This is not easy. Yes, it took him too long to listen. But he can't just cause it to happen; it's a process that he doesn't control. It is a very difficult process, given all the factors. Shareholders will benefit more if they encourage and support his activities -- and I don't mean giving him more of our money, necessarily. I mean "trying to convince the market and change the way people perceive this company."

Certain people are recklessly and systematically calling Solomon a fraud. This is not helpful in any way, and truly appears to be part of an agenda.

While we can see that Solomon has reduced his capex requirements and is trying to raise capital, our best plan is to openly support the company. Explain its flaws (its big flaw, if you will), but also describe the remarkable upside potential.

I think that we should all try to convince the market that SIAF is a great investment, even if we're not happy with Solomon's diluting behavior. Solomon isn't a fraud. He's a man who has built a company that currently has $275 million in net assets, out of virtually nothing, in just four years or so. He told us how he would do it, and he updated us as it was done. You've acknowledged that the dilution created the low share price, and to an extent this is the reason you're an investor. It's why many of us are investors.

Unfortunately, Solomon doesn't operate on our timetable. He's not beholden, and it just isn't that simple to magically create an alternative source of financing. We have no clue about the complexities of doing business in China, with at least two (sometimes conflicting) levels of government involvement on most of the deals.

We're at the tail end of the dilution, so I think it's smarter to promote the company (with caveats, of course). Although it continues to be painful to watch the share price languish and deteriorate, it is fun to buy at these low share prices, IMO. I know that I have painlessly averaged down. When SIAF finally does reach its proper valuation, I look forward to joining Petrejus' party in the Solomon Islands!