Replies to post #163423 on Sino Agro Food Inc (fka SIAF)

[Skinny Mulligan]

#1). The financials are still "Unaudited ". Assets are un-godly higher than liabilities. Laughable even after the big write-down. It's just a fictional non-cash loss (it was a cash loss years ago but never reported). They are trying to take those losses slowly over years. This would never fly if there were auditors involved. They would make them do it all at once so that balance sheet net value reflects reality. Currently it does not. If it did share value is 10 times or more actual price, and SIAF is the bargain of the century.

#2). Not so sure about those trades. There are several big trades last couple days at similar volumes. Might be related party manipulation. However, that could work in our favor.

I wonder how long the SEC will let the Covid excuse slide before they force audited financials.