Replies to post #134068 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

the reason these loans keep growing and growing and growing is because of something called a GIC that's called a GIC or guaranteed interest contract and that is why U keep seeing the loan grow because it could be for 5 years but even one they'd go ahead and converted within 1 year or 6 months they always get their full interest plus additional shares if the stock goes down that's how it works

don't know why they keep telling me it's a $10.4M loan because it's a $7.7M loan IMO. But that could have something to do with the face value versus drawdown maximum of 75%.