Replies to post #137166 on Sino Agro Food Inc (fka SIAF)

[modes948]

Also, they have to tell us in the Q1 report what the shares were issued for in April.

I see that you are not very optimistic about a CC as promised.They have to answer some question there.
It will probably be end of June the next one if they skip this.

[ks1977]

that is a FIRST step towards getting some trust back here

We also need to get rid of the compensation scheme if you want to regain some trust - a CEO who does NOTHING to protect the PPS through a 98% fall in PPS and who - in the midst of this decline - makes a compensation scheme where he benefits from a lowest possible PPS, while diluting the crap out of retail shareholders and also introduces a toxic note, does not instill any trust.

As of today Solomon would want to keep the PPS as low as possible at least till 2019;

Lee Yip Kun Solomon. On December 29, 2016, we renewed the three-year employment agreement effective and continuing as of January 1, 2019 with Lee Yip
Kun Solomon, our Chief Executive Officer and President (the “Lee Agreement”). Pursuant to the Lee Agreement, Mr. Lee is entitled to an annual base salary
of $336,000 and to receive a certain number of our common stock per year calculated in accordance with a formula of (Number of shares (X) = $336,000 / $ /
share ($Y) at time of settlement). Such shares have not been issued to Mr. Lee. Mr. Lee shall also be eligible for discretionary performance bonus payments;
no such bonus has been paid. The Lee Agreement provides for Mr. Lee to be eligible to participate in any incentive compensation established by the
Company; no such plan has been established. The Lee Agreement also includes confidentiality obligations to which Mr. Lee must adhere

So this one is only in effect from January 1st 2019, no? I.e the first compensation would be from the PPS as of December 31st 2019? (or maybe the average PPS of 2019)