Replies to post #8118 on Sino Agro Food Inc (fka SIAF)

[hyperboy262626]

They sold 100 tons for $2 million ?

[hyperboy262626]

Amazing.....Damn ....and he is worried about construction costs?
The Ultimate Holding Company spreads its wings.

[treit2002]

Recall that SIAF owns 25% of the JV fisheries in the first year, growing 25% per year for the second and third, I believe.

IMO, this is an example of how Solomon grows a large company out of a very small one, as at the end of three years, he has a whole bunch of profits from equity that he has earned by constructing the fish farms, and by reinvesting profits from sales into more equity. The end game is a large share of profits in a large number of fish farms with the critical mass to spin out as a subsidiary worth $100M+ on an Asian exchange.

However, up to that point -- less so as time goes by -- there is continual reinvestment of proceeds.

Again, I hope that from here on, he can get longer terms from the suppliers he paid with the Ironridge deal; can borrow from banks for the HU green house or any other subsidiary capital development; gets increased grants; and limits cap ex to operational profits.