"It is pretty obvious that they are going to convert all debt into equity." I am another Norwegian. I strongly disagree. What you state is not not obvious at all. I even think ir is improbable. Solomon owns fore than 10 % of SIAF on the same terms as other shareholders.
Obviously SIAF can just tell the lenders that "We have no money" here are the shares we promised. Oh, sorry you already got them and here are a few more to compensate for the recent decrease in share price". It is not like siaf has to show they can't pay even if they can the can probably just keep the money and give new shares. Maybe this is why it seems like S has fallen out with FD. You all know what will happen the day after the ECAB loan is payed in full. Here is a hint it starts with D.