Replies to post #137628 on Sino Agro Food Inc (fka SIAF)

[emptyone]

Whatever these tone death idiots have to say on the 29th they can say today. What the hell are they waiting for? Can't we get some professionals in this Company. I'm beginning to think not only is Solomon incompetent he might be senile also. Who does this to their own company????

[joenatural]

Yeah, great solution. Have them sell a ton of stock and then pay shareholders. ROTFLOL. Freakin hilarious ......

"I have the solution. A 4 x 10c quarterly dividend announcement."

[ks1977]

I have the solution. A 4 x 10c quarterly dividend announcement.

Yes, any CEO and any board-member would know that as well. And any CEO, in Solomons shoes, would have been able to provide the cash for it as well. Instead he chooses to have SIAF repay his 2MUSD-loan, transfer assets (and cash?) to TRW, and pick up a toxic loan that would destroy the company if it were in bad hands...

I don't think 4x10 cents is necessary though, but we need at least 4x6 cents so that we can keep the PPS at around 2.4 i.e above the magic threshold of the toxic note (65% of 1.5). Not going to happen though, i.e the PPS might still be very depressed even with a cash dividend (the yield could easily be 15-20% when we have the toxic-note risk hanging over us)