Replies to post #152766 on Sino Agro Food Inc (fka SIAF)

[Redbull84]

I think this was a common equity raise, where they get a discount on shares in order to buy in bulk. It's very common, the share price was 26-27 cents at the time. (end of September)

It might have been better than dumping at least. I don't remember when they didn't dump shares after raising the O/S though. They also need to hold their shares for a while, usually 6 months before they can sell any shares.

I got an offer to buy shares in another otc stock last week, with 25% discount.

We should have seen this on merkur.. so it's a bit weird.