Replies to post #127621 on Sino Agro Food Inc (fka SIAF)

[ks1977]

and already has garnered more conventional means of financing to cover its ever-growing business

SIAF hasn't gotten any "more conventional means of financing" since the collateral shares loan? I.e is he referring to TRW and ABC, or will we have a PR about a conventional loan for SIAF in the very close future? (besides FD)

[jyyoo]

and already has garnered more conventional means of financing to cover its ever-growing business.

I would have liked some clarification about this statement as well, maybe it will be announced shortly. I do not think Solomon was talking about the Tri-way loan, so that leads me to believe he is talking about the new FD loan you have been talking about or some other alternative financing SIAF has found to replace the collateral shares. At least they plan on getting rid of the collateral share debt and shares shortly. Keep in mind Solomon is talking about SIAF here so that's why I don't think he's talking about the ABC loan.

[jyyoo]

So it looks like we were right to speculate Sino Agro Food already found conventional financing when Solomon said the company, "already has garnered more conventional means of financing". I assume he was talking about this loan with Garrett?

"In light of the fact that the Company does not look toward this method of financing as the optimal or cheapest means of obtaining credit, it does continue to pursue, and already has garnered more conventional means of financing to cover its ever-growing business.
It’s my view that the outstanding balances owed on the above debt will be repaid through more conventional means in the not-too-distant future, hopefully relieving us from the constant insinuation that it’s because of collateral shares that the share price is dropping, and secondly, that short-traders are no longer able to rely on the negative sentiment assumed by you and other shareholders that provides them every opportunity to successfully apply downward pressure on the market. "