Replies to post #121329 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

The obvious answer is that the debt level doesn't go down if the lender doesn't sell the shares.

I did some more calculations for Loan1+2 and this is the result. Not sure if these numbers are correct.

 
 Price    Coll shares 
 2.31     2.23M        as of June, 30 
 1.37     3.76M        recent low 
 1.00     5.15M        potentially

Which doesn't instill confidence. But we have to keep in mind that there are only 3 possibilities

A) The collateral shares are being sold.
Then as I said, there should be hardly any debt left. And we should be clear.

B) They are lending out the shares
Then we have quite a battle on our hands. The shorts are playing with fire. As is management!

c) Neither.
Then we still have the shorts. A lot of manipulation etc. And the same applies as B)

None of these 3 options makes sense to me. I simply can't figure this out.