Replies to post #148806 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

there is no tax issue with the distribution of shares in a spin off this is a legal problem because convertible debt holders have an unlimited claim on common shares outstanding and there is no way to quantify how many shares would be distributed if the convertible debt holders converted and sold and converted and sold this to include all kinds of other convertible debt outstanding to include all of the employee compensation which is also done in the same way with an unlimited number of shares depending on the share price in this way they're guaranteed to not be able to distribute anything this in addition to the fact that they're now halted on foreign exchanges because they're trying to sell more stock than as authorized under the current limits and finira will not grant them an increase because of the massive increase year to date and their complete total reliance on conversions in order to fund their nefarious illegal criminal activity