Replies to post #7483 on Sino Agro Food Inc (fka SIAF)

[Drexion2004]

Welp, that makes sense then. Get shares at current-market-price, then sell the shares to get cash instead of being paid cash by the company. Just one reason I hate paying for bills with shares, sigh.

It seems weird that SIAF, which is now a fully reporting company, just keeps issuing shares like this. If they want cash to pay bills, do a secondary -- Heck do a RIGHTS offering for current shareholders if they want. This informal and constant issuance is very annoying -- To me at least.

Welp, enough about SIAF for me -- I haven't even bothered to carefully parse through the latest information/filings. I'm just enjoying my overall market hedges right now -- Allows me to sleep at night.

-Fernando

[KlausVT]

Correct me if I'm wrong but at this time there have been no shares given out for debt yet, just the maximum amount of shares set aside and the final number of shares for the debt swap is depending on the average share price for a period of time it takes to trade $9mio worth of shares (if memory serves right) and that period is still ongoing so the final dilution is not known yet as is the actual share price they'll be getting them for (as we were mostly trading above $0.55 per share so far). And the maximum number of shares resulted from a 10% dilution limit according to the filing (again, if I'm understanding this correctly).
On top of that those are unregistered shares so far and hence can not be traded publicly and it would be interesting to know what the restrictions will be once they file a registration.

Cheers