Replies to post #76342 on Sino Agro Food Inc (fka SIAF)

[Andrew26]

Nah that SIAF selling in large blocks must be some large shareholders. Its been millions of shares already. And NITE is the mostly used broker from JF. I really couldnt think of any other source of so many (retail) shares but JF guys. They own together some 70M shares at least I would say. So selling out even 10 % of it creates a longer term overhang over the stock with volumes we have had lately. Also add that BKMM seller, that fund, flippers, MMs and who knows who else and you have a supply way over 10M shares in last weeks. And thats imho the reason why we cant keep going up, despite many new buyers, many new HB buyers and others adding. Ofc that should eventually change but it will take further company action.