Replies to post #135369 on Sino Agro Food Inc (fka SIAF)

[Handlamera]

ks
I think you should put your energy in suing Solomon.
Get rid of all your anger in the same time.
I will see where this is going before I get angry.
If they do what they say, as confirmed by Garret, this will be better, soon!

[RealDutch]

Calm down, KS. lol. You are draining my energy levels.

Also, someone - Arne Fredly maybe - needs to (re)tell Solomon that any increase in OS has to be reported to Oslo Børs immediately. I believe the same applies for any material event (btw; didn't the last "PR" about increased OS come a few days/weeks after the actual increase?)

4 or 5 days. They reported it right after the 10-K. I think you underestimate what these companies have to do. Everything has to be checked by lawyers. And they did disclose this time what the shares were issued for. So that could be the reason for the delay.

BTW; What does the Q2-report state about possible lawsuits?

Actually there is a section in the 10-K that adresses lawsuits. You should check it out. Not sure what it is called exactly.

The ECAB deal was settled. Simple as that.

at the very least there should be enough stuff here to kick SIAF out from Merkur

Well, I disagree.

I also believe one can make a case from the whole TRW-dividend not happening last summer (or at least how they did not disclaim that it would not until way too late)

That is something I'm not going to disagree with. I hope that the pressure is on. And I think that Garrett already mentioned something to that effect.

as well as not disclaiming a 20% dilution in time. The combination - not giving the dividend as said while at the same time negotiating the 20% dilution - looks really ugly to me.

That's what it is, ugly. But then, what isn't in the China space? And it't not always the company's fault.

The company basically said that we would get 0.85 TRW-shares in dividend while at the same time negotiating a deal that would decrease it to 0.70 and also knowing that it would not happen at any time soon, without disclosing it. You may argue that this was in the interest of the shareholders, but I believe it is against the rules on Merkur (and maybe even Norwegian law) - sure he "protected" the old shareholders, but he also lured in new shareholders on false premises.

They didn't say we would get 0.85 shares. They said they would distribute 18.3%. But not in so many words until recently.

I'm not going to defend the company here. But it is complicated to disclose anything when the plan is unchanged and still in effect. Of course the simple solution is to offer a cash dividend until they are ready.

Actually, seeing how Solomon has acted the past year I believe one should be able to make a case that Solomon is not acting in the shareholders best interest - another reason to be kicked out of Merkur.

Solomon; Time to get your act together!

You are a bit late with that now, aren't you?

[Mr. Fister]

Regarding delay of trw-distribution: They did mention the tax bill issue. Delaying it supposedly saved some money as well, but I was surprised all the legal persons in every location possible weren't able to think of tax consequences 6 months earlier.