Replies to post #157357 on Sino Agro Food Inc (fka SIAF)

[ValueInvestor01]

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.

If this is in fact true, where did they get these informations from?

in the SAIC filing, SIAF asserted the total asset of the five Aqua Farms being a mere $12.3 million

in 2017, SIAF reported that the five Aqua Farms generated $447,080 in revenue in the annual report filed with the SAIC.

[downthehatch]

Thank you!
It's clear the lawyers pursuing the lawsuit have very little understanding of U.S. listed Chinese companies.

Using SAIC filings to discredit SEC filings is the one of the oldest, and most discredited, short tactics around.