Replies to post #116728 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

whereof Tri-Way's share was 21MUSD

I don't know where you got that number from. I can't make sense of this if you are all over the place and not providing quotes.

"Due to a director" has nothing to do with any of this. It is simply money Solomon provided to the company temporarily. Forget about it.

SIAF officially owned 23.89% and needed to settle another $40M to get to 36.6%. For some reason it took them 8 months to get it done, officially.

If SIAF's investment goes up from $84M to $124M (from 23.89% to 36.6%) then the $40M has to be deducted somewhere. We were expecting this. They took it out of the $55.1M owed by TRW. See page F-35. That part, I didn't expect, because we weren't counting on good use for that money until after the (pre)IPO simply because TRW doesn't have any money. So it's actually a positive. The result is that CA receivables are still $45M, we still have the fish pond etc. Now it's "just" a matter of turning that into hard cash, if possible.

Roughly $32M of that $45M owed to CA is from the MF partners, not TRW. IMO. Of course I can't be sure.