Replies to post #154481 on Sino Agro Food Inc (fka SIAF)

[Gullible Fish]

Confucius say "Mr. Snow very wise man!"

[RealDutch]

It seems somewhat confusing that in one place it is stated if I remember correctly that a director is the beneficial owner of slightly more than 50% of the ordinary shares. In the list of the stakes of directors it states that Solomon owns a little less than 5% of the ordinary shares and about 60% of the A-shares.

10-K

Solomon Lee, our chairman, chief executive officer and president, controls our company and beneficially owns in excess of 50.1% of our issued and outstanding common stock.

https://en.wikipedia.org/wiki/Beneficial_ownership

Beneficial ownership is a term in domestic and international commercial law that refers to anyone who enjoys the benefits of ownership of a security or property, without being on the record as being the owner.

[RealDutch]

I guess Aqua-farms 4 & 5 generated a loss. There is no information as to what happned during the last 3 months of 2018 that generated profits of more than 20 milion dollars.

$19.4M to be exact. TRW made a profit of $19.4M in Q4.

It's a mystery...

There is only one plausible explanation. They revalued AF2/3 and booked the gain. Would they do it this way and not bother to tell us? Perhaps.