Replies to post #130285 on Sino Agro Food Inc (fka SIAF)

[Black_knight]

The toxic loans have destroyed the shareholder value.

The benefit that lenders earn comes from the difference between the value of the share at the time of granting the loan and the moment when they are paid.

But if they are paid, the situation of the year 2008-2009 can occur again.

[joenatural]

It's called Fraud, plain and simple ..... massive Fraud .........

"There is something seriously wrong here"

[jyyoo]

Solomon has received the message I requested about putting out a statement and I believe he agrees.

The company has been doing everything they can to close the Tri-way loan ASAP but the timeline is up to the banks. We all know buybacks and shareholder friendly actions that will clearly be good for the share price can't happen without this closing first. They also are already in the process of securing conventional financing to pay off collateral shares early as well since shareholders have been able to convince them of the damage collateral shares (or speculation about collateral shares) have done to the share price.

The crazy thing is that the company is just watching how their stock goes from 17 to 50 cents without doing a single thing.