Replies to post #130565 on Sino Agro Food Inc (fka SIAF)

[Handlamera]

Bonus shares are for sure dumped!

As loans now will be paid back, collateral shares must be bought back in the market. Will be fun to watch!

[RealDutch]

Dan was wrong about the collateral shares it seems.

Not necessarily. Perhaps I can figure it out if I have a bright moment. But this is going to be one big puzzle, again.

but what is "payment for services to chinese parties"? In shares?

Yes. Could be consultants.

the bonus-shares for consultants that are dumped into the market right before the chinese new year?)

Some of it. Usually you have to hold the shares for at least 6 months. You can't just issue shares and then dump them. SEC rules. Alternatively, they can be sold if the debt is at least 6 months old (effect is the same). What we are probably looking at, ahead of the Chinese new year, is some shares being sold that were issued in May/June of the previous year. And they took a heavy loss on those, this year.

I have said many times, Solomon shouldn't be issuing shares to people who do not want them. In China. But that's easier said than done. The only solution seems to be, pay them 100% in cash.
You have seen the devastating effects these past 2 weeks. And there haven't been that many sold. But you get these T-trades, short-scum, front-runners etc. and the Chinese sellers are not getting a good price for their shares either.

[RealDutch]

There were 3,477,431 top-up shares issued by Q2. And according to Dan, another 500k or so for the US loans in Q4. Which brings this total to 4M top-up shares.

And this from Q2

Shares issued for employee compensation and overseas professional and bond interest 403,650

Yes, interest. Let's not forget interest (on the ECAB note). So all of this together, including Q4 and potentially 350,000 shares for Garrett, accounts for the 5,524,255 increase mentioned in SIAF-ME.

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Another way to look at this is, there were only 22,726,859 shares outstanding on dec 31 2016. And the 5,524,255 increase doesn't account for everything. We are missing 2-3M shares.

IOW, the recently issued shares in Jan/Feb (roughly 2.5M) were NOT issued as collateral. NOT issued as stock compensation. But for something else. Possibly the A-shares or a financing deal that I discussed earlier. Which they obviously don't want to, or can't, disclose now. I think this is what they are trying to say.

Agreed?

[RealDutch]

Has this information been out there since feb 5? Oh dear.

It matches what I have from OTCmarkets btw.

 
 31,209,153		feb 2 
 31,281,604		feb 15

[RealDutch]

As a result, There are now 31,209,153 shares of common stock issued and outstanding

Wrong again. Should be "outstanding".
Did you notice?

And they could have mentioned that this applies to all of 2017 up until now. Now they are giving the impression that these shares were issued on Feb 5.

I wonder if this stuff is coming from Solomon.

[RealDutch]

I was wrong. The 5 feb update is an update since July 25.

http://www.newsweb.no/newsweb/search.do?messageId=431757

They give these updates on Merkur every 6 months or so.
Still doesn't mean that (most) the shares were issued as additional collateral. Anyway.