Replies to post #129313 on Sino Agro Food Inc (fka SIAF)

[ks1977]

I read this as yet another doubling-down of that the collateral shares has to be returned. Combine that with their earlier statement that they would have to - and will if it were to be the case - report a breach as a material event. I.e all collateral shares has to be returned, so the question then is whether the lenders are short or not.

The MMs could of course be swing-trading on OTC pushing the PPS down, but even if we adjust for the corrections they mention (about shares being held in Oslo) we are still a lot of shares short on OTC so there are no shares to be swing-trading with (well, selling them yes, but not buying them back).

They also write that they have taken steps to increase the volume. If there are no shares available, wouldn't the only way to increase volume be to have someone short the stock, issue more shares, or convince a large long shareholder to lend shares? Wouldn't that only allow MMs to swing-trade more?

[The Swede]

Yes, I told them not to post the analysis because it would not be received well. Blaming the low SP on low volume and shorters when acknowledging that the collateral share are being sold is just not a very good idea. Low volume and shorters is definitely a contributing factor, but it would not be a problem if the collateral shares was not sold in the first place.

[RealDutch]

The other portion of the Company’s $36.8MM debt outstanding ($10.1MM) are loans provided through four (4) individual private parties, who have been lending funds to the Company on a continuous (rotating) basis throughout past years.

One of those assholes is Garrett then?

But this is what they said in the 2014 annual report

https://www.sec.gov/Archives/edgar/data/1488419/000114420415020143/v404849_10k.htm

Also during the first week of March 2015, the Company secured two loans from two reputable financial institutions in the United States

More meat for my lawsuit.