Replies to post #135337 on Sino Agro Food Inc (fka SIAF)

[Traderfan]

Going to read as soon as I have time. All I can say is wow. Weren't there several people here who bashed you hard when you said you think that there is no floor and that they talked to "the company" and it was confirmed that 1.50 is the floor?

[ks1977]

I did comment on the short-term of that loan when we had the form, and speculated that Solomon must have been darn sure that TRW would get the loan (or that he had a possibility to renogiate/extend the loan). The good with that is that Solomon really believes that he will get the loan, the bad thing is that he seems to be lacking any backup-plan.

The latter should have been sorted out now, but is SIAF able to adhere to the new ECAB-deal? It states monthly installments, but not the amount. It does state that 4 MUSD has been repaid so far (is this the D'Alessandro-loan?) which suggests ca 0.5MUSD/month. Is SIAF even able to cope with that without the TRW-loan, or has Solomon - once again - made a short-term solution with an imminent deadline that will lead to more heavy dilution?