Replies to post #142504 on Sino Agro Food Inc (fka SIAF)

[snow]

snow "When the numbers for the second quarter are published in a few weeks we will see if Solomon has set aside a bit cash as preparation for the cash dividend." That was a rash comment om my part. The numbers relate to the situation about 3 weeks ago. The fact that Solomon has been selling hundreds of thousands of shares before and after the end of June shows of course that no money has been set aside for the cash dividend.

[RealDutch]

I think that the chance that we will get the cash dividend is a bit more than 50%.

Higher than 90%. They can't afford to make the same mistake twice. All they have to do is force TRW to repay some debt in Q4 if they don't get the cash flow from contracts. There has to be a backup plan. Dan wasn't the CFO the last time the dividend was delayed IIRC. I think he would leave... if Solomon can't execute. It's his ass on the line as well now.

[nefariouswu]

Snow "everything I own and more" scares me, that's the type of move that led me to bankruptcy filing and a menial job teaching English in Korea. Be safe out there!