Replies to post #7845 on Sino Agro Food Inc (fka SIAF)

[Lucky Loser]

Let me add one more point. If Ironridge were to liquidate 5MM shares in the 40's in an attempt to contain the price, the return for their sales would be around $2.25M.

If, when going back to my previous scenario wherein the VWAP gets to $0.63/share, where then do they get the other $800K (of the $3.06M) owed to SIAF if they were to have to return 2MM of the 6.9MM shares?

At some point it would appear that Ironridge will realize that trying to contain the price in the 40's is fateful, and might have to allow the PPS to increase in order to obtain the full $3.06M in financing owed to SIAF, without placing itself in a perilous state of being short of both shares and cash.