Replies to post #156362 on Sino Agro Food Inc (fka SIAF)

[downthehatch]

Back in March, RD was very critical of Seiden's case, as it contained allegations that were/are not valid.

Also, the cost to buy in to the suit is very high- minimum of $1,500, plus .05/share, as I recall.

At the time the lawsuit was filed, (end of March) SIAF was trading at .11-13.

Closed today at .234, so it would have made a lot more sense back then to buy SIAF, than to put money in to the lawyer's bank account. It still does, in my opinion.

I hired Seiden along with other investors to go after another Chinese company, back in 2017. So far, Seiden has our money, and we are still waiting for anything to be recovered from the Chinese company, that went dark.

[RealDutch]

I'm not a lawyer but that is one thing that will not happen.

The lawsuit may not be important but it does make it hard for the company to get loans or other financing. The same should apply to TRW.

Perhaps one day Solomon will understand that he has to sell SJAP or HSA. Probably not.

[snow]

Petrh yourejus I agree with your assessment. They seem not to be very familiar with what has happened in SIAF. There is too much concentration on what has happened very recently. Personally I think that the old question and answer parts after the reports were not very illuminating. I think the current practice would have been better if the questions had not been held back if management does not want to have them raised and if management had addressed the questions that were admitted.