Replies to post #151939 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

Garrett is not on the same boat as the shareholders, he has several options to get his money back with interest, but for the shareholders, it's a different story.

I've always said that the big shareholders who are also doing business with the company (Garrett, ECAB) are not necessarily your friend. We have to be wary. But, I think they have already made some sacrifices and we should give them the benefit of the doubt.

The idea of the dividend policy was to prevent a lawsuit when the forum was heating up.

Nobody even thinks that way except the people here.

Garrett said to be patient about the $100M loan. And he kept expectations low about the dividends. His angle was a practical one, and being realistic.

My angle is different. I'm telling you what the company SHOULD do. I don't care about what to expect. I care about surviving and getting the share price up. And it became evident to me a long time ago that they have to pay the dividends. Also, I didn't agree about being patient with these loans and you can see now why.

We did get the dividend policy. Although it was lacking efficiency. Next time, make it quarterly. How many times do I have to say this? I think it was made in good faith. But you know how it is, in the end they either didn't have the money, or, they had other priorities. Perhaps Garrett could have pushed harder, I don't know. Perhaps he should have. But I can't be the judge of that. In general, neither management nor the shareholders fully understand the urgency IMO. I do, because I have followed these Chinese companies closely for the past 7 years.

[RealDutch]

It's a fugging disaster, that's what it is.

The only way forward now is to file the F-1 quickly. And reinstate the dividend policy. Make it a 4 x 2C dividend if we are short on cash. It can be done. We should push HARD. Everyone.