Replies to post #29201 on Sino Agro Food Inc (fka SIAF)

[stolpen]

"What change your mind regarding the dilution policy, you? Your have been defending is along in the past."

I never changed standpoint at all in the bigger picture, but due to Chad squirming as a politician denying verbal stuff as it pleases him and ontop of that knowing that noone gets answers from the TA- Office, due to people complaining at him of a gagged TA.
Then smug letting out that he dont care to follow projections and much less to update them as they change about Capexplan or projected EOY sharecount then there is nowhere to check that they havn´t shoved a truckload of new shares all over us.

But the final smirk is without a doubt sending out DEF 14C form
raising A/S to 130m and supplying following information

"We are mailing this information statement to our stockholders of record on December 5, 2012 (the “Record Date”).

We obtained stockholder consent for the approval of an amendment to our articles of incorporation to increase our authorized shares of common stock, no par value (the “Common Stock”), from 100,000,000 to 130,000,000.

How many shares of voting stock were outstanding on the Record Date?
On the Record Date, the date we received the consent of the holders of a majority of the voting power of our stockholders, there were 98,054,850 shares of Common Stock outstanding.

What vote was obtained to approve the amendment to the articles of incorporation described in this information statement?

We obtained the approval of the holders of 12,500,000 shares of Common Stock, or approximately 13% of the voting power of our common stockholders. In addition, we obtained the approval of the holders of all 100 issued and outstanding shares of our Series A Preferred Stock, which collectively carry the voting power of eighty percent (80%) of all votes entitled to be voted at any annual or special meeting of shareholders of our company or action by written consent of shareholders. As a result, we obtained the approval of 83% of the voting power eligible to vote on the amendment to our articles of incorporation."


Meaning that Solomon obtained solely his own votes to change A/S
and we have no means to control A/S or O/S without even keeping the Capexplan updated at all, not to mention that 80%+13% is 93% so it doesnt even add up with the 83% stated.

Just after this they send out the statement of issued shares the last of ~3,6m shares just before christmas.

In between they neglected to send out any at all statement of retirement of common shares so even if there is an explanation there are at the very least non existant communication or possibly even criminal behaviour as far as we are able to tell with this lack of communications.
That are not acceptable to me, and i hope it isn´t to anyone else either...
Regards.