Replies to post #12726 on Sino Agro Food Inc (fka SIAF)

[slyestjester]

You are confusing different levels of analysis. When you complain about dilution per se, there is an implicit assumption that the co. is legitimate. If the company is a fraud, dilution won't matter one bit. Solomon could just walk away from his Swedish and American shareholders right now and never report again. He's not raising money from us by diluting; he's raising money from the Chinese (Ironridge excepted). So assuming SIAF is not a fraud, I stand by my statement that Solomon surrendering his own shares is a powerful sign that he is extremely sensitive to shareholder interests and deserves some respect.

[Emilez]

So far what we got is: huge dilution, millions of USD were transfered from us to China to one man who has a dream and who promises you that you will be rewarded in the future if he succeeds. Anyone who deserves a bit of respect so far is SHAREHOLDERS. Its us taking a huge risk, not him

I agree with your view on SIAF and dilution Andrew. Solomon should stop using shares to finance SIAF now. Only a small portion of the future capex can be financed by shares so it cannot be such a huge deal to delay some investments a couple of months.

Now it is autumn and it is the part of the year when SIAF has good cash flow. Now Solomon has the chance to plan ahead and make sure that he doesn't need to dilute next year at this ridiculous price per share (even if the price triples it is still ridiculous).