Replies to post #125327 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

They already converted the $41M, taking it to 36.6%. During Q1 or Q2. You can see it on page F-36.

I guess they found out later that they can't convert, legally, until after the 1-year anniversary. And as a result, book 23.89%.

So there's $14M debt owed to SIAF, remaining. We have the fish pond worth $18M. Some deposits for FF2. And $40M in receivables. This is from the MF partners IMO.

There will be more settlements. Possibly related to FF2 (if it is merging with TRW). I don't know. And there's always a chance that they have to write off the $41M in receivables. Because, these fools would hide the bad news from us for as long as they can. Idiot Lee and Little Dan.