Replies to post #157356 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

SAIC filings are for business administration, nothing more. Companies file it once and they do not report assets, revenues, profits or anything of the kind here. I suppose quite often companies simply file startup capital.

It is a known tactic used by short sellers in the industry. SIAF explained it reasonably well here. They were expecting a short attack and acted preemptively.

http://sinoagrofood.investorroom.com/news-releases?item=17

SAT filings in China are more reliable. Those are tax records. But SIAF/TRW doesn't have to pay any tax...

SIAF is a US company and reports assets, revenues, and profits with the SEC. Not in China. Not at all. That's what a lot of people don't understand.