Replies to post #144821 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

ok lets's review the circular logic!!!!!

This new business has been progressing smoothly, and we are cautiously optimistic at targeting first annual sales exceeding $100 Million dollars commencing later in September. We expect to generate gross margins averaging 17%.

so the "business has been progressing smoothly" yet they're not starting until later in September so where's the business progress when they haven't started yet?????

look here - 17,000,000USD EBITDA and a $12MM market cap!!!! wow if nothing else is as fraud it's a gift from upon HIGH and indeed, when they are forced to write off $600,000,000USD in "assets" we now understand that they're really looking at jail time and a judgement for the FAKE ASSETS they have been using as bait to lure uneducated investors and in order to defraud the public.

[Emilez]

• "During the last few months we have also been developing a trading division for Tri-way in Hong Kong. This division will trade in seafood and other seafood items for sale in Hong Kong, Macau and China markets. This new business has been progressing smoothly, and we are cautiously optimistic at targeting first annual sales exceeding $100 Million dollars commencing later in September. We expect to generate gross margins averaging 17%. Shareholders will be kept updated on the progress of the trading and aquafarming divisions quarterly as successful implementation even at initial ramp up will have a material positive impact on Tri-way’s results."

• "Tri-way achieved net profit of $16.2M in the first 6 months of 2018 contributing $5.2M to SIAF. Most of the income came from Aquafarm 1-3 and other ODRAS farms. Fully utilizing AF4 capacity will improve Tri-way’s bottom line. Therefore we are optimistic that the new operational plans at our aquafarming and trading division will lead Tri-way to increasingly better years starting in 2019. A final note, the production scheme planned at AF4 is targeted to enhance cash flow which will support CA final development at AF4 and AF5 and all other planned aquafarming issues."

They could just have skipped all the fish farming stuff and just focused on trading instead.

[aquaculture]

Planting fruit trees in Q2 and getting "significant cash flow" in Q4. Thought it took years for new trees to give fruit?

New trading division $100 mill revenue, 17% margin, easy as that. Thats $17 mill in margin. Well over the market cap. Avg in Norway for seafood exporters is 1-2%.

Still they say dillution must continue into 2019.

This is so frigging provocing.