Replies to post #147730 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

try selling the shares? your cost of $0.33 won't sell. my bet is purchases like these are done to support a conversion upcoming with much better economics. it's a ONE position account which indicates it's a single purpose account. surrogate buyers do this all the time because there are toxic conversions happening elsewhere that frankly; allow for 400% return and they can blow right through your cost basis and even with your impending capital loss, partners make a ton of money - which is why that "genius" garrett never sells - aecuzsde his $4MM toxic deal netted them $7 million in profit. there's no way to sell your position without imploding the stock to $0.10 so I suspect you are possibly part of the surrogate buyer group. good luck. one stock in the account. makes absolutely no sense unless it's a surrogate buyer account for people who get the next debt conversion deal like garrett.