Replies to post #109210 on Sino Agro Food Inc (fka SIAF)

[Redbull84]

Well, going from 40 million shares to 280 million shares in a couple of years haven't been the successful way to go. If Solomon would have been happy with just the fish tanks and skipped SJAP completely and not dilute 100+ million shares on SJAP like a mad men, I'm sure we would be way over 50 bucks already. We wouldn't be needed the mega farm.. And the fish farms would mostly be owned by siaf and it would probably be 2 more by now. I'm sure siaf would have a PE of 7 and loans would be such a big issue to get in that position. Let's say PE 5 and 30M in profit with 5 million shares. That's 30 bucks, and that's conservative

[modes948]

We talked about this before.HIHO,PME and XIN have shown that it doesn't matter that much if you are a Chinese micro cap.If you are prepared to care about your share price by paying a regular dividend,cause you know it is important to do so, then you will be fairly priced.

In the case of SIAF if you are the bank and you do some research on the company, you will see that they promised to announce a dividend in June of 2015, at their next Annual Meeting of Shareholders but they ddin't.Will you trust giving such a big loan to this company, when all that was needed was a minimum of $200,000 just to keep their promise to their shareholders?

What more can you say about Solomon.Didn't he know that the Bankers might be watching and 1c dividend was all that was needed as not to run the risk of a red flag?