Replies to post #63919 on Sino Agro Food Inc (fka SIAF)

[emptyone]

Thanks Kav, Sly indicated that Solomon is remaining in the States to meet with Nasdaq and institutional investors (at least that's how I interpreted it). That can only help.

[long2putt]

What about the dividend announcement??? That's what's gonna move the stock today... Was nothing said about that in Charlotte?

[viking86]

JV partner is for ease of operations (feel free to interpret) and does not contribute any funds

so who pays the contractors and for the equipment?

All the development work is billed to the JV partner as consulting revenue and results in AR. Important to note that the JV partner does not settle the AR in cash. All the AR is converted (100% of the investment on the project) is used to acquire only 75% equity of the project.

same q as above. What happens then to the cash funds that the JV partner pays at the beginning of each project in order to acquire 100% initial ownership? The contracts say they have 30 days or so to settle the consultancy payments.

Technically, 100% equity could be acquired

huh? all contracts I have read say SIAF can acquire only up to 75% within a certain amount of time.

[slyestjester]

Good report kavdiv. And to think we were alone in an elevator together for a moment. Had zero idea that was you.

[Emilez]

Easier to fund projects in China now, as the number of projects have slowed down. The SIAF funding options have increased, as there is more money chasing less number of projects. Nas listing makes it easier to close funding deals. The listing is progressing, and was slowed to accommodate Q1 and the K / Q updates to the app. I remain hopeful. The same is the case with the S1. No deal breaking issue but need to work through the questions to lend clarity. The JV model is tough to explain to the SEC and the Nas.

If the funding options have increased they should really be able to close some kind of deal, unless they are just bullshitting. And they should close the deal ASAP and announce it.