Replies to post #150179 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

there are no receivables:

I.e both the $3 413 141 at 91-120 days and the $982 223 at 0-30 days from the Q2-report has now (in the Q3-report) joined the 120-365 days.

reality is that they never collect "receivables" and as such - they shuffle "implied ownership interest" around and around and around and rearrange the deck chairs just like they do with the "big wonderful esteemed shareholders" who magically show up on a 13(d) without ever trading the stock.

it's a massive fraud on so many levels.

[RealDutch]

I.e both the $3 413 141 at 91-120 days and the $982 223 at 0-30 days from the Q2-report has now (in the Q3-report) joined the 120-365 days.

What do you make of this?

I don't think the extended credit terms for some of the older contracts apply anymore. Not for the Q3 contract. They can plan this stuff well in advance that's why we got the dividend policy and the positive cash flow statement for Q4.

The bulk of the over 120-days accounts

Who really knows. It all depends on how much cash TRW has. If only they would sell some stock for $3.40 and pay SIAF back, I think you understand what I'm trying to say. I think they should do more than 5c to make up for the recent disaster.