Replies to post #149294 on Sino Agro Food Inc (fka SIAF)

[Mark-J]

It's completely delusional to think either of these "companies" ever had their hands on 45 million dollars. There would be no dilution, TRW would have paid debt, Siaf owners would see value increase. These exist ONLY ON PAPER to fool investors.
If Siaf ever had $45 million it would not be valued $12 million for the whole company now.
It wouldn't have toxic loans no bank relations etc.

It's incredibly blue-eyed to believe these things, you need to wake up and realize these things they write on paper and result net $0,00 for shareholders are really $0,00 to begin with. Come on.

The big numbers are only on paper that's why the share is $0,22, that's why they dilute for pennies, that's why its' going down and starting to break at the seams.

They are "stuck" with more than $45M in receivables that will soon be aged over 2 (?) years. What they can do is settle the debt and now suddenly SIAF owns 54.9% of TRW instead of the 18.3% we were anticipating. Now, suddenly, SIAF will become a fast growing company and TRW a subsidiary.

[Mr. Fister]

When do they need to get a replacement for Nisse?

[ks1977]

I don't think it's an option to pursue this because it would take 12 months to complete

Oh, but they have been working on the F-1 for more than 12 months, remember? ;-) Hence my question; can they be that stupid that they stopped working on the F-1 (or never started on it, even though they said they did) and gambled everything on a different plan?

Another option would be to have TRW pay part in cash

As long as TRW repays what is needed for SIAF to keep its obligations SIAF can increase its stake in TRW as much as Solomon wishes, but SIAF desperately needs some cash. It will be interesting to see in the Q3-report if some of the "fresh" AR from TRW has passed the "aging limit", last time they wrote that it would be settled upon maturity...

This is not wishful thinking because I will soon be accused of that (again). It's what they have to do...

Wishful thinking and "what they have to do" is not mutually exclusive, RD, you know that ;-)

[TheNorwegian]

We should have you as a board member RD :-D