Replies to post #137059 on Sino Agro Food Inc (fka SIAF)

[Traderfan]

Dilution never really was the problem in the past. It was dumpage. Issuing shares to people who don't want to own it.

Certainly the main problem. Gonna be interesting today if the former low at 31 cents holds.

[snow]

RD "Dilution never really was the problem in the past. It was dumpage." I strongly disagree. Dilution was a very important problem. It meant that earnings per share grew a lot more slowly than profits. The fact that a lot of those shares were sold enhanced the problem.

[andrewflying]

RD, you forgot the $17 million loss paid to the co-op farmers.

[nefariouswu]

Dutch,

I don't know if you have zero on ignore at this point, but have you considered his point that the government filings may be "faked", for lack of a better word?

Something seems really off with this company ( to say the least).

I don't know if it was a scam from the beginning or it started off with good intentions and became a scam, but the whole thing stinks like yesterday's diapers.