Replies to post #147994 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

It can be a bit complicated if SIAF has to give the 18.3M shares back to TRW. :-) Not only are they giving back the 18.3M shares but also the profits attached to it of the past 2 years. Which means they would have to book a loss (half of what they earned the past two years).

It would be a different situation if SIAF had distributed half. Then they would have distributed $62.3M + profits. IOW, more than $3.40 per TRW share.

Which also implies that the $3.40 distributed by TRW now is actually more. You have to include profits because TRW is worth more today.

[Trip-Fontaine]

so far SIAF has communicated 36.6% ownership and that half of this will be distributed.

Im very confused right now, from what I have read here earlier I got the impression that Siaf owns 36,6% of TRW today and that those shares has nothing to do with this upcoming dividend. Triway has some debt to Siaf and this debt will be settled with 18% Triway shares that will go straight to Siaf shareholders. Whether Siaf in a later stage will distribute any of their 36,6% to shareholders are highly speculative. Right? Thats why I have my theory that Solomon will control at least 36,6% of Triway through Siaf.