Replies to post #81584 on Sino Agro Food Inc (fka SIAF)

[NewJerichoMan]

What is their incentive to keep the price up at this moment?

Because for other institutions to buy, it has to be above $5 per covenants of many institutions.

What's the point of investing $25M (last check is paid in February) and just letting the reverse split go its natural course, which a good percentage of the time is downward?

RHI is like JF as far as I'm concerned just a bunch of private investors, no need for them file anything since the ownership is in different hands.

Viking and I discuss this topic a lot with no resolution.

I don't think RHI has the same structure as JF, not since the start of 2014. The airline union got control of their own pensions. Hyper has stated that much of the buying is through CDEL and NITE but once the accounts were switched to Fidelity, 90% goes through NITE. To my mind, this implies centralized ownership, unlike JF.