Replies to post #137170 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

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.

This isn't true! And I can prove it. The contract was changed in late 2014, when we were trading close to $10, BEFORE we rallied to $17 in 2015. When everyone was very optimistic.

2016 10-K

On December 29, 2014, we renewed the three-year employment agreement effective and continuing as of January 1, 2016 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.

I don't think Solomon will convert now. It would be self-destructive. The same applies to Garrett. It is a matter of trust, for now. BUT, the Garrett note is a bigger issue for the market. The Solomon issue should take care of itself when we can get the share price up.

[Mr. Fister]

Isn't the auditor required to say no to this kind of compensation? When one man is behind all decisions...
Nobody would care if the company was doing well since the dilution-effect by bonus shares wouldn't be that severe. Now it is, and the results the last 2 years have been terrible, and also contributed by bad management decisions- not only because of external factors with the beef from us