Replies to post #7523 on Sino Agro Food Inc (fka SIAF)

[hyperboy262626]

This was one HUGE question to Lee.
Listening to the CC....Lee responds to a caller asking if shareholders will get direct ownership of the spin-offs.
Lee responded... "I am also a shareholder of SIAF.... so what do you think?...chuckle"
At point 19:15 of the recording.

[emergingmarketinvestor]

Ironridge has no shares to 'dump'

I don't know who all understood the CC but the deal actually wasn't that bad. Probably actually a positive medium~long term.

If SIAF defaults on the loan Ironridge made to cover the A/P then they will be awarded 6.9 million shares. A default is about as possible as me winning the lotto IMO.