Replies to post #128103 on Sino Agro Food Inc (fka SIAF)

[The Swede]

It's the market that moves the shares. If the sellingprice on Merkur is higher on Merkur, it makes sense to buy shares on OTC then sell them on Merkur. During 2017 the share price has almost constantly been higher on Merkur, therefor tones of shares has been moved from OTC to Merkur.

What is very unusual right now is that the shareprice on merkur is still higher on Merkur compared to OTC, but the number of shares registered at Merkur is decreasing, this can't be explained by normal market forces.

[ks1977]

Lavrege; The sharecount on Merkur has increased "steadily" (heavily) in 2017, but so has the outstanding shares (because of the extra collateral shares). Now, for the first time (?), we see a sudden reduction of 450k shares on Merkur, but it is not SIAF that is doing this. This seems to either be arbitrage or collateral shares being moved to OTC for cancelling/returning to SIAF.

I bought my first shares 8 months ago, to this day, and from what I have seen in this time it is "always" Merkur that has the premium PPS - and over and over again Merkur has opened green, but has been dragged down as soon as OTC opened. I.e the move from Merkur to OTC is not arbitrage.

Does each market drive different price values or is SIAF

It is a free market, so you should expect the same price both at Merkur and OTC, but it seems that traders on OTC (where we have market makers who we now also know is behind Loan 1&2) have been more eager to sell than the traders on Merkur (where we don't have market makers and where retail decides). Unfortunately, it seems as OTC has been the leading one for setting the PPS (as I stated; I've noticed over and over again that Merkur has started green, but when OTC opens it goes red and way below what Merkur was at the time of opening on OTC...)