Replies to post #83047 on Sino Agro Food Inc (fka SIAF)

[NewJerichoMan]

...all they need is the numbers for Q4 and subsequent events.

But the S1 process is a tedious one. The SEC will reply with 100 questions. But it won't happen for 3 to 6 weeks and then it takes SIAF 3 to 6 weeks to reply (6 to 12 weeks for one full round). In the interim, they have to address the subsequent events that will occur, which creates new questions and additional back-and-forth.

I don't think the timing of anything that's gone on since ECAB came on board has been an accident.

August 12 - first installment made.
August 29 - the clock officially starts ticking on the interest
February 28 - six months after August 29, the final tranche is paid
February 27 - they reapply for the S1

This S1 has a near zero chance of being accepted in the 1st round because the SEC will want to see Q4 results and by the time they make the request, Q1 will be complete or nearly complete and that information will have to be added, increasing the total turnaround time.

I think today's application was about getting the dialogue started because it's probably gonna take at least two rounds.

What I find curious is why apply today and not on Monday, after the final tranche is paid? Feels like SIAF doesn't want to "tip their hand".