Replies to post #144568 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

Really? Who would care at this point, we were at 37M not more than like 3 months ago

It's a mental thing. Some people are already accounting for 70M or even 100M shares. If they can get it down to 37M after getting the collateral shares back, then suddenly SIAF is a $20 stock. You don't need a share buyback plan. Throw in a cooperative deal and it's a $40 stock. In principle.

And it would not look great if they pay ECAB 3 bucks a share at this moment while they’re issuing and dumping shares for 55 ents

That would look magnificent :-) You don't think Solomon would do it? Watch and see. The reason why they are settling debt for 0.55 is because they are obligated. I'm not sure.

They’ve just issued 1,9 million shares over the last 10 days or so, they’re treating the shareholders like s***t, I think there might be consequences soon if they’re not telling the market what’s going on. It sure smells really bad.

Yes, it's really screwed up. But logic doesn't always rule in these matters. Cash flow does. And that could change (and probably will) from one day to the next. But not now.

You are not going to join the camp that says SIAF is worth 0.55 because they are issuing shares for that price, right? Because that is NOT how it works.