Replies to post #116732 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

"Virgo", the cosigner for the trading facility = Distribution Center

Customer A is ShangHai Virgo Trading co. Ltd, which is one of our major distributors of imported beef and seafood as well as our farmed seafood. We sold $13 million of goods to Virgo during Q2 2017 representing 27.88% of our total sales of $47.7 million during the quarter.

So they are not holding the collateral shares. It's the lender. I think. I hope.

If SIAF is acquiring it, what seems to be going on, then they have to cancel the trading facility (loan) at the same time. They have to.

[ks1977]

Geez, you guys read the filings, PRs and everything in a way that not even the devil could read the bible! (I mean that as a compliment)

In this case you are referring to the lousy two pages (page 1 and 2) from the Q1/17-report following F-43? While in the Q2/17 report we have F-48 followed by page 3, i.e page 1 and 2 has disappeared. hmm

Not much information in those two pages in Q1/17, just a "Description and interpretation and clarification of business category on the consolidated results of the operations", so there should not be any need to delete this section - unless they chose to delete it because they forgot to mention the chicken-business :p

It might just be a bobo, but at the same time they have been hinting in the CC about CA...