Replies to post #7628 on Sino Agro Food Inc (fka SIAF)

[treit2002]

First, they will get OTCB status, which should be soon,

On the call Solomon was against a reverse split, which always carries a negative connotation. The release was good news, as it shows that the company is maturing on many fronts, corporate governance being an important one.

I particularly liked the phrase, "develop a Sarbanes Oxley compliance driven audit function."

Independent directors and moves necessary for NASDAQ listing are encouraging, without a NASDAQ listing.

If the company earns $1 in 2012, a $4 share price is not out of the question. But if the share price falls short, these moves will help the company, the perception of the company, and any other listing alternatives they pursue, regardless.