Replies to post #131711 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

as usual they never owned the asset the sold a tremendous amount of stock in the OTC company and then they put their signage on the property but at the end of the day it's another asset suppose it asset that they never controlled never owned and yet they post the financials and under their funky accounting tried to claim that they have an asset at all this is another example of financial fraud where this asset "" needs to be written off entirely just like the entire balance sheet of the company and then when the legal the lawyers and the auditors come in and they reassess what the company is worth there's going to be a 200 million dollar liability which is going to wipe out the market capitalization of the company because the company was always worthless get save for the fact that CA or capital award was only a construction company operating in a tax free jurisdiction and even that cash flow doesn't happen in less they sell more shares to pay for more projects because guess what they don't have any recurring revenue from any of these so called assets it's over game over fraud over all the stock open it 0 thank you

[aandt]

Just noticed I hadn't replied to this...

Here is the government authorization, one of 10 slaughter sites authorized.

http://www.qhagri.gov.cn/Html/2017_11_29/2_127338_2017_11_29_223224.html

Qinghai Zhonghe (number 2 on the list) is the SJAP Abattoir.