Replies to post #20621 on Sino Agro Food Inc (fka SIAF)

[treit2002]

And never in the history of the world, nor on any planet, has a warrant been written with an exercise price 5x + the price at the time of the deal.

Look up the Black Scholes model to determine what such a warrant would be worth as a kicker in a bond deal. Hint: it rounds off to zero.