Replies to post #113749 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

I meant that the current price/book isn't real, but that there is growth potential for SIAF (especially Tri-Way) and that SIAF's TRUE value - down the line - still will be far greater than the current stock price.

Both, in SIAF's case. Most of the assets are account receivables, other receivables, deposits, inventory etc. So how could it be inflated? The Mega Farm was actually valued/booked at cost, or $180M. It is worth a lot more in reality of course.

Can you explain why SIAF can't be delisted?

It has nothing to do with being a minority shareholder.

SIAF doesn't have a senior listing. Nasdaq or NYSE. Companies that get delisted drop 60%-70% on the first day, no matter how cheap it is. Traders quickly learned that after 2011. But it doesn't end there. There could be lawsuits as well. These companies are still required by the SEC to file financials. But legal counsel may advise the company not to file, because anything they say or disclose may be used against them. If there are pending lawsuits. And if they don't file, then the SEC can revoke their license. This can be quite a mess. And usually is.

Nasdaq is trigger happy. As little as a failure to disclose something could get you (A Chinese company) delisted. NYSE isn't much better because they will throw you out if the market cap drops below $15M. It's a crooked world if you think about it.

SIAF is not required to file by the SEC. They will simply be downgraded to Pink if they don't file and that's it. Something entirely different from your license being revoked (after which the stock stops trading altogether).

I've said it before. Scam or no scam isn't even relevant in most cases. "They" screw you anyway. So, in the past 4 years or so I stayed away from senior listed companies. And it's a good thing I did.