Replies to post #134070 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

I think I may have found the answer.

February 5, 2018. Sino Agro Food Inc. reports that it issued an aggregate of 5,524,255 shares of common stock as (1) additional collateralized shares for trade facilities, (2) as payment for services to chinese parties, (3) as incentive shares for staff, workers and personnel renumeration.

As a result, There are now 31,209,153 shares of common stock issued and outstanding.

We know that 1) is only a small amount from Q3, something like 500k shares. (since July 25)

We know that 3) is restricted to 5% of 17M or 850,000 shares per year (as per ECAB note).

So the bulk goes to 2) as payment for services to chinese parties

So I looked it up and found this for 2016

(iii) 400,008 shares of common stock valued to professionals at fair value ranging from $3.96 to $7.43 per share for $2,763,618 for service compensation.

So they paid $2,763,618 for this in 2016.

With the share price at $1 (or even lower) it would have been 2.7M shares for this year.