Replies to post #151341 on Sino Agro Food Inc (fka SIAF)

[ks1977]

Do they seriously have a choice not to pay the cash dividend this time?

In my opinion: A bit fat NO! It would seem/be so obvious that the cash dividend policy only had the intention to manipulate the PPS, and that SIAF never ever had the intention to pay the cash dividend.

There can of course be some good (?) reason to why it suddenly is delayed, but it would be very difficult for Solomon to convince Oslo Børs of that so it could very well be the straw that gets them kicked-out of Merkur.

Unfortunately, I'm not convinced that Solomon realizes this. Expect some "cash dividend to be declared within the next few weeks" or something on Friday.

[Mark-J]

Dividend policy is the PERCENTAGE company pays from it's earnings/cash flow in the future as dividends. Very common to have that mentioned, but it's nothing to "announce", just basic information.
Siaf ABUSED the NON-BINDING DIVIDEND POLICY to throw out exact dollar amounts to fool the investors/shareholders/market, in other words to manipulate the share price up.
In a way they don't have to pay you, more so they never should have "announced" anything in this way.
Just goes to show how crooked the company is.
I hope they will get severely punished for this.

[nefariouswu]

What do you mean by this? If they don't have the cash, how can they be forced to pay? I haven't seen this discussed on the board, but where are they supposed to come up with over $2 million in the next few weeks?!