Replies to post #134227 on Sino Agro Food Inc (fka SIAF)

[The Swede]

So the villain is clueless :-)

But this scares me - "I'm sitting on a prospect that Solomon Lee/Sino Agro Food has made confidential to Development Bank Of Singapore." How the hell did he get a hold of that?

[C-MF]

Lol, they don't even manage to get Solomons names right: Salomon Lie

Guess they just copy and pasted Fredlys email. Journalism as it's best.

[Emilez]

So this time he complains that Tri-way makes too much money and that SIAF only owns 36%.

Well SIAF didn't have enough money to build those fish farms so for me it is not strange that they don't own all of it.

[zerohedge]

top 10 evidenciary reasons #itsafraud

1. exploding share issuance at 2% of book value as approved by management (giving it away)
2. complete lack of internal controls as evidenced by their auditor.
3. complete lack of assets as per their own CFO with exception to stuff owned by others: as unaudited
4. pay package to CEO entirely in shares at ever declining prices despite the $20 book value
5. payment of everything to everyone in shares (at a 97% discount to book value)
6. multiple CFO have resigned - cannot hire a real dual shore CFO that even UNDERSTANDS Chinese!
7. audit chairman vacated the company.
8. auditor resigned only to be banned from the industry SPECIFICALLY due to their work for SIAF
9. nobody has ever seen a commercial harvest of anything from this "company"
0. the "company" maintains a headquarters "staff" of precisely TWO employees. CEO/CFO yet supposedly does "hundreds of millions" in sales annually (to themselves!) as per "CA" which is their own tax-free entity which doesn't report a balance sheet of income statement of its own.