Replies to post #156867 on Sino Agro Food Inc (fka SIAF)

[MaterialMind]

It's so bad that they cannot manage to give consistent information. I also asked today, for clarifications. I did not get that information. No conversion to OTC was what they told me.

[Petrejus]

I contacted avanza today and the information i got is that they will NOT sell, they will move it to a regular account and you will not be able to trade your shares on the otc. But they will NOT sell, you can then transfer your shares to Nordnet or another broker if you want to sell.

I also contacted Avanza today and asked the same question. The answer I got was that they will have a meeting NEXT WEEK (since the guy in charge for this is currently on holiday) where they will look into the possibility to move our SIAF-shares to a regular account, without force selling. So there was no promise that they will not sell, merely a comment that they will INVESTIGATE the possibility next week.

Anyhow, the clear message was that Avanza will not allow any OTC-shares on any account, not KF, ISK nor a regular share account (aktiedepå). So all SIAF-shareholders at Avanza will be forced to move their SIAF-holding to another broker. That was the message I got today when I talked to Avanza.