Replies to post #63309 on Sino Agro Food Inc (fka SIAF)

[Trip-Fontaine]

Total?
20+20+5+5+15+15 = 80 millions.
It doesn't take a genius to figure this out.

My worry is about Solly starting new projects before there is a proper financing in place like it has been until today. I dont believe in a bond and I would be very surprised if a chinese smalcap can get the luxury of 80m to spend at extra dividends, sharebuybacks, and replace inconvenient debts, thats just ridiculous in todays market even on a serious listing. All my other junior holdings and companies that I watch in the commodity sector has the same problems since 2011, only the ones with well known strong trackrecord managment gets a bond. Solly and blogger-Nisse is not in that group. Im surprised that Nisse/JF who is up to his ears in this commodity junior market didnt figure out that financing without dilution would be a severe problem also for Siaf and thats what makes his contribution close to useless so far.
In any case I think that we can forget about sharebuybacks, why would Solly put his company in debt to make it easier for B-shareholders? Its the opposite of today where B-shares dilution feeds the company and his A-shares.