Replies to post #148632 on Sino Agro Food Inc (fka SIAF)

[ks1977]

I mean if they’re not restructure the ownership again

You mean IF they ARE restructuring the ownership in TRW and "giving" away debt for 18.3% extra shares? Should be a question for the CC Q3 :-)

[RealDutch]

I know what you're doing. Suddenly, magically, the sun disappears and thunderclouds show up on the horizon after you sell your shares. But the reality is different.

1) Yes, it's $6M to Garrett. Payable by July 2019.

2) No, the collateral loans are not loans that SIAF has to repay. They are loans that TRW and the Distribution Center have to repay. SIAF only provides the collateral (shares).

3) The ECAB loan we don't know. It may very well all be settled in cash or the debt transferred to TRW.

4) Roughly $10M in promissory notes. I don't think any of this debt is due in the next 12 months.

Will they get less money from TRW this year since they gave half of it away?

Another misconception. SIAF doesn't generate ANY cash flow from this. Only if TRW pays dividends. Some day I will explain it to Dan as well.

You can't predict the cash flow situation based on what we know. It depends on

1) How they settle the ECAB note
2) cash flow from operations obviously, and new contracts (CA)
3) the level of debt repayment from TRW (trade division)
4) loans SIAF can get, which you were so confident about a little while ago.