Replies to post #62712 on Sino Agro Food Inc (fka SIAF)

[emptyone]

NJM, I not worried about cash flow and profitability unless Solomon really goes nuts with his ambitions what I really am worried with is his strategy is to create value is NOT working and he refuses to change. You can't simply buy dilute buy dilute buy and expect different outcomes. There is a reason why Penser backed out and why it's been a year with the S1 and why it's taking so long with financing and the Nasdaq. And it is a damn shame because the company is in the right space with growing demographics , appears ethically run. Simply we won't get a proper valuation until Solomon changes his ways, maybe we get lucky here, but I don't see it. I suspect we will hear the same old same old Solomon on the call. Everything is rosy, it's them (bureaucrats) not me, I have an excellent team (meaning they agree with everything I say), I have a CFO (just haven't announced him yet), we are very optimistic about financing and listing.. yada yada yada ...and to which I say bye bye bye....

[snow]

New

You forget that SIAF has next to no debt and a lot of various kinds of assets. It is not just a question of insufficient cashflow to meet expenses. One easy way to solve the financial problems would seem to be to sell off part of some of the subsidiaries or free some of the deposits by letting others buy those stakes. If it is true as claimed that they are worth a lot more than SIAF has to pay for them it would generate a lot of cash if for instance the stakes for which 20 million dollars have been deposited are sold.