Replies to post #13356 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

As Dutch indicated, they probably received the first payment of 2.4M upon signing of that contract.

I think it is because they started construction right after the contract was signed. IOW, they didn't wait for approval.

Your quote
"Our second Prawn farm, which began development late last year"

[treit2002]

Yes, that's the second half of the very sentence you quote.

That contract had work and revenue in Q4 2011 even tho it was announced in 2/11. Fact is, we don't know the timing of new ff contract revenue. I was suggesting that for me, the only possibility of answering "D," is if the new ff contracts did begin in q2.

But again, we don't know.

So the explanation of the numbers likely will be more important than the numbers.