Replies to post #141652 on Sino Agro Food Inc (fka SIAF)

[fwb]

If the American market were not closed tomorrow, the Vol may have been smaller.
Trying to jam a day and a half worth into a half day, instead of spreading it out over 2 days

[zerohedge]

they couldn't wait to get out. they....... were desperate. look, at even $10 million in convertible toxic debt.... and these scammers have issued $34,000,000.00 of it and we know where it converts, and we know the VWAP penalty for not paying cash, AMD they never pay cash, always shares.....

just take 34 CENTS and basically divide by two to account for all the interest, default interest and VWAP discounts.

that's 34 MILLION DOLLARS divided by SEVENTEEN CENTS! and we are assuming it can be done from these levels.... which it cannot.

BUT WE ARE BULLISH!

so 34mm / 0.17 = EXACTLY 200,000,000 more shares.

that's right folks. you're getting screwed for another 200,000,000 shares dumpage and thats the BEST CASE SCENARIO.

*sorry..... but while we celebrate the birthday of AMERICA we must correctly opine on the death of this fraud scam that hurts AMERICA while enriching the chainsmoker and his cronies.

[RealDutch]

TF, why are the dumpers showing their hands? That is extremely unusual, right? And we have 3 or 4 of them.

I think the parties they are settling debt with, resulting in dumpage, are the same people holding collateral shares. The 4 active traders. Perhaps they insisted on getting paid because the value of the collateral shares has dropped so much.

They were actually trying to sell some ahead of the 600,000 share increase. I know. Which is one reason why the stock couldn't go up. But they became more aggressive after the latest increase.

Makes you wonder who these people are. Who Solomon is doing business with. And why they are dumping the shares.