Replies to post #147955 on Sino Agro Food Inc (fka SIAF)

[Trip-Fontaine]

That is why it is very important for me to own shares in TRW personally. There has been no dilution in that company.

Oh you just wait, Triway is in the process to pay you with shares to settle debt and has failed to get loans for some years now. The only credits are from Siaf that has financed it with heavy dilution. Next thing that will happen is Siaf failing to repay its loans and has to let go of the collateral shares and the Triway dividend shares that are connected to them, and like magic you have dilution also in Triway.

[zerohedge]

when there's no control and when there is no real tangible equity and when these cjv contracts are nothing but 0 equity interests then you have no control you have no ability to collect cash and you have a tax free subsidiary that is the exclusive sales agent for everything that they don't sell so in other words it's a giant paper company that trades with itself and that's all you have in other words there is no value to try way there is no value to sino agro foods there is no value to the customers because they don't have any and there's no value to cash flow because they don't collect any that's it it's over