Replies to post #135970 on Sino Agro Food Inc (fka SIAF)

[emptyone]

I agree with Fredly how do you go from reporting zero problems with receivables for all these years to a $14 mm write-off. We need to know the circumstance that occurred that gave this "sudden" write-off and if it is likely to repeat with other receivables. Also I don't know how you book unused credit facilities as equity or any entry other than possibly a footnote disclosure (per GAAP). I like to understand Fredly's assertion better.

[Traderfan]

Problems with AR‘s and outright fake AR‘s have been a known issue with all these chinese RM‘s as far as I remember. Critics have always pointed this out. Reading this stuff from Fredly it is hard to imagine that Merkur won‘t act at some point.