Replies to post #5583 on Sino Agro Food Inc (fka SIAF)

[snow]

dc

I found your post very helpful. I found your reasoning convincing and I just sold 15,000 shares at $ 1.15. After reading about the sale of the dairy business at ridiculous price and the spending 50 million dollars on land that in itself will not lead to any revenues I sold 30,000 shares. A small part of all that land can be used for growing flowers but I can't see that it will be profitable to use it for producing fodder for animals for instance since the price per acre is very high indeed compared with land prices in other countries. Neither am I happy with increasing the sharecount by 20 %. We had no reason to expect that after reading the interview with geoinvesting in January 2010.

To me it makes little sense that what has happened will not affect earnings per share this year. When about 50 cents were projected Mr Lee was aware of the flower business was he not? He has changed a promising company with robust growth prospects to a gamble the way I see it. After all the number of cows was expected to be up several hundred percent in a few years in January 2010. Growth prospects for the cash cow were therefore excellent.

[Florinda]

"The reason that CEO's (and CFO's and IR folks) cannot talk about future events that may or may not occur, or are subject to some variables that they cannot control, is because of the real fear of class action litigation, based on "artificial market price inflation"-dc-dude

Thanks a lot for entering the conversation. I did have a question. From the above it makes it sound like there is nothing whatsoever about the peculiarities of applying for the Form 10 that is uniquely imposing constraints on the company. Yet Chad has repeatedly singled out the processes involved with meeting all the Form 10 requirements as the cause for their present constraints.

In other words, your above statement makes perfect sense. Yet it's applicable, as you indicate, to all CEOs, etc. Yet only very few companies are in the middle of filling out paperwork to get off the pink sheets. So my assumption, which Chad has certainly emphasized, is that there are more constrictions imposed on companies during the Form 10 application than there are for everyone else who's not on the pinks and not going through this particular process. You seem to be contradicting this line of thinking. Have I understand you correctly here?

Thanks,

Steve