Replies to post #20562 on Sino Agro Food Inc (fka SIAF)

[viking86]

that's how I see it too. But it's still no doubt a big decision for Solomon and that's why he needs some time to wrap his mind around it. As for the need to hear from the Swedes, I think they have said what needs to be said. Penser bank guys say the listing will take about 3 months, JF just made their opinion known that they expect the listing will boost P/E to a range of 2.5-5 at least in the initial process. What more can they say?

So i hope by Jan-Feb we'll be on FirstNorth unless something very dramatic happens in the mean time. I also think the bond deal will be announced shortly after that, with the hope that the PPS rise that comes with the FN listing will result in more favorable terms for the warrant price. While I donot like warrants, they are preferable to me than equity. Not only they will buy us some extra time ( at least a year or so at a critical time when the PPS needs to rise strongly to allow an uplist in the US) but there is also the possibility they expire worthless as may be the case with LPH. With equity it's an instant hit with a longlasting share overhang that kills the PPS and demoralizes investors.