Replies to post #139491 on Sino Agro Food Inc (fka SIAF)

[Redbull84]

We can agree about that they are real screw ups, and have done a lot of things wrong, but the dividend itself wasn’t a mistake it’s the first step in order to gain any credibility here.

I agree about settle debt for 55 cents, 3 bucks or the Garrett loan wasn’t the best nor having any cash available as a backup. They’re really struggling here, and if they can’t get out any money out from TRW it will get even worse. Garrett will probably convert his whole amount soon if they can’t come up with the money, but that would be better than letting these other guys dump at any price.

[RealDutch]

Just tell us Solomon if you care about the shareholders, what are your plans about dilution going forward even without a loan.

They already mentioned something in the press release.

The Company has adopted austere measures to reduce its dependence on equity funding by approaching it as the exception rather than the rule when it comes to determining which modes of operation are necessary to maintain the Company’s outlook over the next two years.

Not sure what they mean here. But you obviously don't want to hand out shares for professional services. And yes, they have been doing that even after the ECAB deal, for up to $2.5M per year.

I think we should give them the benefit of the doubt. But only because they announced the dividend policy. That one was absolutely necessary.