Replies to post #121085 on Sino Agro Food Inc (fka SIAF)

[jyyoo]

The company has stated they have other funding options to pursue besides the one for $100-150M USD with the syndicate banks. But they likely won't need to pursue other options since they are so optimistic this one will close soon.

And the loans connected to collateral shares have always been paid back.

If you are short this stock, good luck covering when some of these announcements are made.

[ks1977]

Nisse; Crazy indeed, especially since SIAF has given several PRs that normally would give a heavy support to the PPS and hence defeat Solomons goal. I have two other crazy ideas for you though.

1) What if we have an illojal lender who does whatever it can to scare the market to depress the PPS and get more collateral shares. It is obvious that someone on OTC either doesn't care to get the most for it's shares, or want the PPS do decline (why else would one force the open on OTC to be red when Merkur, who already trades at a premium, trades green that day? Happens "all the time", including yesterday - although yesterday the volume on Merkur was low). It might even spread fake PRs and factual errors.

2) What if we have corrupt market makers who naked short the stock and force the PPS down? (cfr the argument over) There is a LOT of fishy trading on OTC; I've tried to buy shares on OTC when I had live streaming of level 2 and I put up an order that would be instantly filled, but yet it took 2 minutes to fill it (at a rate there were no shares available as well). Other people reports of strange things happening when they trade to trade as well

Regarding the question for a back-up plan; TRW doesn't NEED the loan, but SIAF would benefit greatly from it (TRW as well, but in my opinion SIAF "needs" it). TRW also has the pre-IPO coming up (next year I assume), and that money will be made available for TRW if needed. If all that fails, then TRW will still do ok, but we will not get the growth story we want (and CA will also suffer).

SIAF on the other hand needs to improve it's cash flow. TRW owes SIAF money, so the loan will allow TRW to repay SIAF sooner than if TRW has to repay from cash-flow from operations. Another possibility for SIAF to improve cash flow is any deal regarding CA.

With regards to your question about the collateral shares, the first loan matures march 31st 2018, while the other three matures in two years from now (September 30th and October 1st). Hence we still have 5.5 months (or 9 months from end Q2) til the first maturity.