Replies to post #134064 on Sino Agro Food Inc (fka SIAF)

[jyyoo]

No. They explained it, sort of, in the press release today

Quote:
The Additional Loans have also been partially repaid and now stands at USD 4,694,829, with a total of 2,666,735 collateral shares issued at an implied value of USD 1.76.

Sort of is correct... As usual we're left with more questions but I hope they will clear it up soon with the 10-K/PR or CC at the latest. We were told multiple times shares WILL be returned when debt is paid. Well debt was paid and they just implied that no collateral shares have been returned yet. Nor did they say how much debt was paid or whether all of it was Loan 1, and if not all of Loan 1 was paid then why etc..

[zerohedge]

yes.... self bailout with new bailout promissory notes.... 1.7 a share with more to issue when its converted. same scam different day.

when I make 300% on these convertible scam deals, understand that I am VERY HAPPY to "reinvest" and split with the "partners" it's part of the scam.