Replies to post #152149 on Sino Agro Food Inc (fka SIAF)

[andrewflying]

That would be good for all of us.

[jyyoo]

Wow, crazy speculation on this board as usual...SIAF IHUB never fails to disappoint. For those based in facts, the 8k literally stated:

While ECAB stated in the Notice that it has not elected to accelerate the right to repayment of the entire principal amount, including accrued but unpaid interest on the ECAB Note, it reserves the right to do so.
Prior to receipt of the Notice from ECAB, the Company was attempting to reach a negotiated settlement with ECAB. Notwithstanding receipt of the Notice, the Company hopes to continue to work with ECAB to settle its obligations under the ECAB Note.

I view this filing as a formality and something we already knew and were told by the company months ago. Non-event until we hear that ECAB has elected to accelerate the right to repayment, which they have specifically chosen not to do at this point as stated in this recent SEC filing. At that point then the talk of selling assets etc. to pay back ECAB should be discussed but that is not the case now.

I bet ECAB has found a buyer for some of the facilities already and think it’s time to put this clown down before he destroys even more value. And I totally agree.

I wonder where all the money went from all the issued shares over the past year.

[Trip-Fontaine]

I bet ECAB has found a buyer for some of the facilities already

If ECAB wants some TRW they could buy the 18% partner share of TRW and pay Siaf its debt by a settlement involving their loans to Siaf. The obstacle is probably the 3,40 a share valuation for that 18% wich ECAB know is BS. I wouldnt expect ECAB to settle with that valuation when they start collecting thier debt from Siaf. To prove that the on-paper-valuation is BS they could perhaps force an auction with Siaf TRW shares. I wonder if its legit if ECAB is the only bidder then =) I dont know how Solly is going to twist himself out of this one without losing some of his TRW holding, he has no cash and the share issuing gun is almost out of amunition. ECAB and Garret is Close to their goal now, getting TRW for a penny, however they might need to act a bit in caution if Solly Thinks of burning down the farms in anger...