Replies to post #114596 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

flying blind.....

so D&B shows the following:

The “5A” to “HH” Rating Classifications reflect company
size based on tangible net worth as computed by D&B.
Company size can be an effective indicator of credit (can be???)
capacity. These Ratings are assigned to businesses that
have supplied D&B with a current financial statement. (so not audited or audited, just a financial statement) so this "rating" would be disclaimed by D&B since they didn't do the audit work.

in other words - anyone who has SEC filings and financial statements can pay D&B for a report based on the auditor report and financials.

real DD would include a copy of the report issued by D&B since clearly there's no bank debt anywhere. makes more sense to dig past the PR and understand why they'd pay for a D&B report but not a Big 4 Full Audit since that's actually bankable.

if anyone can actually dig up a copy of that report it would be really nice to see.

expect to see a resumption of downtrend absent a tender offer.