Replies to post #130633 on Sino Agro Food Inc (fka SIAF)

[Handlamera]

Solomon with 80% voting power can of course decide what he wants!
The normal procedure is to convert A to B-shares only by renaming and taking away the super voting power?

[RealDutch]

Sounds like wishfull thinking, cancelling the a-shares must be a material event and pr:ed?!

And it will be. When the legal work is completed. Could be any day now.

They may even need to hold a general meeting to decide the conversion rate. Management just cant decide this on its own.

But the BOD can. It's why we have independent directors. They represent us. And ECAB (bond holders) have a say in this as well. If only because they are not allowed to issue more than 5% incentive shares per year.

It simply cannot be a coincidence. The 3 rounded and 3 odd numbers I posted, are very similar to the 75/20/5 distribution of the A-share holders.

And I will tell you something else. Solomon is already leaving as CEO. IMO. Perhaps Tony will take over, for now. He's already involved with contracts abroad. Who else could do it? But that's just speculation.

[snow]

I agree Martin.