Replies to post #103716 on Sino Agro Food Inc (fka SIAF)

[modes948]

I think the situation Solomon finds himself today was inevitable wasn't it.
When you have growing sales quarter after quarter with a credit line of around 100 days on average, was
there a chance that you wouldn't run out of money sooner or later?
As investors we should have seen this coming too.The best case scenario with growing sales is getting more and more loans or diluting more and more just to see your Receivables and Inventories growing all the time.
So I think the current drop in sales is healthy and management have to reconsider their policy of selling with
the current terms of 'take as much product as you want and pay me in 4 months if you may'.