Replies to post #29315 on Sino Agro Food Inc (fka SIAF)

[treit2002]

Treit--You can do the math for yourself. I don't have to do it for you

Neither have you done the math. Actually you do have to do it for me, because when I do it -- your way -- it still doesn't work.

You simply state accretion, perhaps out of synthetic faith.

Assets = $217M Land = $55M

Have at it.

Look, I am concerned about the negative preponderance of mood on the board lately. And overall, in total, I am very positive on the company long term; more so having seen operations and met Solomon.

But I don't think that unsubstantiated positive claims helps the company, anymore than I think Chad's worthless, attempted self justifying spittle helps the company. The difference is Chad's gets paid to represent the company, consultant or not. He may be constrained in what he can say by attorneys, so he should just stay off public boards. It's a joke.

I also think that negatives about the company are a proper subject matter here, even if the overall view is positive. Dilution certainly is a prime example. And it's natural to see more posts concentrating on the negative when the share price is so low. Besides venting, perhaps the company will listen. That's the extent of most shareholders' influence.

Maybe this all time I-Hub negative sentiment signals a bottom. I hope so.

I hope your assertion that new share issuance is over is right also, tho it is unsubstantiated speculation and opinion only. if you are right, and most assuredly this would be announced after FN listing; then, the negatives disappear.

[viking86]

Clearly it's a very complex issue with no easy answer.

That's the problem with your argument. If it is too complex for an analysis, then how do you know that equity financing at PE<1 will be accretive in Year 2 or whatever time frame? Without an analysis, however accurate it may be, it's not much more than a "hand waving" argument" to believe this or that. I am no expert on financials but I did try to back up my (and Treit's) argument with an analysis. If you want to make a credible statement, you also need to show a math supporting your thesis. I believe that's what Treit asked you for, he has also challenged other people like Chad, Ecuador... to "show' why they think those share issuances will be accretive. Intuitively, it's very hard for anybody to believe that. I agreed with Treit based on all his previous explanations and have tried to back it up further with some analysis.

As to whether last years' share issuances at PE of 0.7 is accretive or not in the first years, I will try to analyze that in another post later today. Now I have a gym class and must run.