Replies to post #132247 on Sino Agro Food Inc (fka SIAF)

[modes948]

Do they still claim that these are top-up shares for the collaterals?
I think with their filings in Norway they are accepting that the shares lately are for not that purpose.

March 16, 2018. Sino Agro Food Inc. reports that it issued an aggregate of 457,190 shares of common stock. The new shares have been validly issued and are fully paid up. As a result, there are now 32,251,429 shares of common stock issued and outstanding.

[Redbull84]

Yeah totally, that’s what I’ve been saying for more than a year now. They will never buy these shares back, at least not from the market. We’ll see if siaf will have to give them a ton of shares in order to close the loans or if they will manage to get a new loan. I guess the roof of 50M shares is there for a reason.

I actually got a bit surprised when the summary for Avanza and nordnet came out, I thought it would be even more shares that’s been sold. It seems like both Garrett and a few more (institutions?) have been adding to their position.
I remember that Nordea was a good buyer on merkur last year. 1.2 million shares or something like that, I’m guessing someone is buying now too since most of the shares that’s being sold at merkur goes though anonymous trading.