Sino Agro Food Inc (fka SIAF)

[Lupen]

At one point people mentioned the fact that the company intended to use the increased A/S as collateral. However, I cannot really see that working, its simply not stable/trust worthy enough for it to be taken seriously.

Hence we will probably go down to the low 40s or perhaps even below that due to "share over hang". We will have another rally pre q3 and perhaps a rally as RD mentioned if they announce a bigger prawn contract. Still it will not be enough, management's behavior as what we are witnessing makes it look like a scam. Who is seriously "stupid" enough (if I might say so) to issue equity this cheap if there is not something fishy about it?

IMO, a new listing will not have mattered if this behavior would continue. Diluting 30% annually is astonishing?