Replies to post #152212 on Sino Agro Food Inc (fka SIAF)

[ks1977]

The problem is that we only know fractions of what is going on, and we know that Solomon will deliberately keep stuff hidden from us and fluff whatever he can.

We don't know if ECAB is rightfully fed up with Solomon, or if ECAB is hostile and has planned for SIAF to go into this trap. We don't know if Solomon is a crook, or if his intentions are honest and that he has gambled too much and mismanaged the company. We don't even know whether Garret is a saving angel, or if he is only out to look after his own interest on our expense.

They talk about preferred shares, but I don't know whether to expect good things or horrible things, but after 100% dilution at 2% of book it does not SOUND good.

[modes948]

You forget the probability of a business model that in the end could only end one way.
Selling with no quarantees that you will ever be paid back.
NOBODY WILL EVER PAY YOU BACK IF HE DOESN’T HAVE TO.
Even banks with quarantees when they give loans, lose a lot of money because of bad debt and some go bankrupt.