Replies to post #140475 on Sino Agro Food Inc (fka SIAF)

[Redbull84]

I pointed out as soon as we got the Q report that someone big is buying. And another time on Thursday/Friday, that someone is accumulating shares. It looks good that someone larger finally buys. I'm guessing they have been buying around 1,5M shares by now.

These guys haven't been growing on trees around here so I think it would be safe to say that it's one larger investor/institution who's been buying.

[andrewflying]

The supply is still more than abundant, why didn't the big buyers refrain themselves from flexing their muscles?

They bought 100,000 shares in one transaction.
Then they placed a bid of 400,000 shares. Maybe they try to build a bottom. More likely, they know that this round of dilution is about to come to the end.

Interestingly, Solomon did mention to me that the company was recruiting a Chinese institutional investor to buy when I called him a few weeks ago.

[zerohedge]

likely that the company is bidding for stock from people that they want to exchange for more convertible promissory notes and that way they can control their weighted average shares outstanding. this way they can go ahead and take stock out of the market while the issue more shares every single day and it shows up as some kind of funky debt 6 months from now the gets converted into millions and millions and millions of additional shares free trading shares that crushed the price even more.

[RealDutch]

We have seen 100k and even a 200k block traded on Merkur as well. Could be Fredly or Hansson who can't be bothered to watch the stock all day.

[Martin79x]

Can u please update us on the loan status, is it still in the final stages?

[ks1977]

It could be to check whether there are some large shareholders who still wants to get out, i.e check whether the PPS will continue to go down.

However, 400k shares isn't more than 0.16MUSD, so it's only big for retail - big(ish) players might want to get as many shares as possible while the dilution continues and before the Q2-report. If they have paid attention to the CC as well, then they should expect the PPS to jump a bit sometime during June (when the info about the AFs are released) - normally temporary, but if the dumping stops/slows then it might not be.

[Traderfan]

What do you make of the 400K bid?

Means very little to me. We had substantial buyers and bids (in dollar amounts) in the past at certain price points and it meant nothing. We had a ton of buying at the 0.90cents - 1 buck area and after that the stock went to 30 cents. My point is other stuff is much more important.

[Martin79x]

Jyyoo, can u please update us on the loan status. Is it still in the final stages?