Replies to post #156320 on Sino Agro Food Inc (fka SIAF)

[zerohedge]

they are trying to do a raise with the scam OTC listed company because "try away" has no market it has no assets it has no revenue it has no bank contacts and the scam OTC USA company simply is a conduit for putting American dollars into the CEO's personal pocket and the rest of these idiots are busy talking about how this a** hat or that asset is going to make them all this money but as you've seen for now 10 years all this is is a collection of fake assets fake entities that trade revenue amongst themselves and then are in debt to one another for their own receivables it's the biggest circle jerk we have ever witnessed

[RealDutch]

Why is it SIAF and not Tri-way that does this raise?

Perhaps they are trying both. Perhaps it is too difficult for TRW. I don't know.

I thought the idea was that Siaf will pay back the loans and get the collateral shares back? (and thereby reducing the outstanding shares down to 40m or so)

yes, 43 M

Are they now trying to convert those collateral shares into preferred shares?

They should be cancelled when they are returned.