Replies to post #152335 on Sino Agro Food Inc (fka SIAF)

[andrewflying]

I feel the same.

[modes948]

I think he did his DD alright and then despite the profits there was no cash, just receivables-investments-inventory.
After 4 years he has had enough cause despite falling sales there is still no cash.TRW partners are not paying, all the receivables at the abattoir went to Bad Debt!!! without explanation and why there would be no attempt to recover them.
In 2018 it seems no progress with the rest of the receivables either and on top of that Dilution!

[Martin79x]

Haha no way, u have been watching to many movies

[Mr. Fister]

And if you want to continue the conspiracy theories ecab had their own guy Peter Rosta to run (and pour money into the drain in) SJAP, right before demanding the money to be paid back from Siaf.
Maybe I'm completely off, it's just that I don't trust the financial parties who don't share the same interest as the company and sit on both sides of the table