Replies to post #152779 on Sino Agro Food Inc (fka SIAF)

[emptyone]

Trader to me "beneficially" means the same way you calculate fully diluted eps. They are not outstanding but could be under certain circumstances.

[modes948]

They have these shares either reserved or already registered to them.
Otherwise if they were extra shares it would not be 9.9% but less.
However in that case where did these shares appear from?Who owned them previously or currently?

[RealDutch]

But that doesn't mean anything. ECAB also mentioned

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,663,512

Even though they never had them.

https://www.sec.gov/Archives/edgar/data/1488419/000114420416092185/v435564_sc13d.htm

The most plausible explanation is that Iliad can convert for 0.55, or wants cash preferably. But we can't be sure. This is the part I don't like. Always more uncertainty with this company. Always more surprises. And it never does us any good!

[zerohedge]

so they're going to convert and sell those shares and the only convert enough to where they stay under 5% so that that way they're not considered an insider and this is another one of these convertible bottomless scam toxic notes that these people have become famous for