Replies to post #25629 on Sino Agro Food Inc (fka SIAF)

[viking86]

no, the basic o/s was 84m- odd commons shares + 6m prefs = 90m- odd diluted as of Aug 24, the date of the Q2 CC. Has nothing to do with weighted shares. The basic o/s was 80,355,394 on Jul6,12 per Transfer Agent. So b/w Jul 6 and Aug 24 he issued about 4m shares.

This was all discussed here in Aug/Sep.

[viking86]

the 84m "promised" for year end 2012 at the Q2 CC is actually very close to what was "promised" ( better word is "projected") at the Q1 CC in May 2012, per transcript excerpt:

(2) Forecast for 2012 of Debt Financing

Having clarified the above, we like to move forward to let our shareholders inform and award of our estimates and forecast on our Debt Financing plans subjecting to Stock Market variations is projected as follows:

Total estimated Capital Expenditure for 2012 is about = US$103 Million

Estimated Ratio of Debt Financing against total Capital

Expenditure is between = 10 to 13%

Estimated Ratio of Net Shares issued for Debt Financing / Total issuance of shares = 10 to 12%

Estimated number of shares returned to treasury (to be retired) is about = 7 Million shares

Estimated Total issued and outstanding shares as at 31.12.2012 is around = 83 million shares

Estimated weighted average number of issued shares

as at 31.12.2012 is around = 70.5 to 73.5 Million shares

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76008942&txt2find=breath

[Traderfan]

What you confuse here is the issue with the preferred shares. What you heard regarding the 91 or 92 million shares at the end of the year was fully diluted, so 7 million preferred shares.

But now the situation is that we have 98 million common PLUS the 7 million preferred until they get retired, so all in all that's about 105 million fully diluted right now, about 14 million more shares than anticipated in Q2.