Replies to post #140747 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

you would be incorrect any and all common stock outstanding will have the same rights to the cash flows and door ex dividend that any other shares of stock would it would not matter what the 10K says in this case the 10K is materially inaccurate because if I'm issuing shares as collateral and then I'm taking the company's cash off the balance sheet and distributing it to shareholders this would be a theft of capital from an existing owner of the stock besides that we know the collateral shares have been sold and were liquidated in which case what's very clear is that those dividends would have to be paid and the funny part about it is that they are only going to be paying a stock dividend because there is no cash on the balance sheet

[RealUSA]

I stand corrected, they changed this then. It was that the dividends had to be returned upon repayment of the loans. This is positive in the sense that if they issue a lot of collateral shares they don't have to issue dividends to them.

Thanks for pointing that out jyoo