Replies to post #69239 on Sino Agro Food Inc (fka SIAF)

[viking86]

Umhh he owns only 7m B prefs, not enough to replace the shares he's diluting us with even in a single quarter (10m ).

[RealDutch]

I see no reason that we shouldn't request he continue this practice right now.

I do. It is bad enough as it is, issuing stock at current prices, making it look worthless. It becomes worse if Solomon cancels his own stock or decides to give it away for free.

Look, it is not a problem for me that solomon doesn't want to purchase stock from the market since he owns some 17M shares already. But he doesn't have to overdo it and give the market the impression that he doesn't care about the stock at all. Nobody wins!

[snow]

nuke

It is impossible for him to do so. He has fewer than 15 million shares. That number of shares have been dumped in much less than a year. I think he should keep the shares he has.