Replies to post #29989 on Sino Agro Food Inc (fka SIAF)

[The Swede]

Basically, I can't see them stop building Fish Farms. As soon as the fish farms start to generate profit, I'm sure that they will stand in queue make a new one with SIAF. Once they know that the fish farms produces as promised, SIAF might demand even a better deal?

When it comes to the wholesale markets and export/import business, we really don't know what to expect. The only thing we do know is that they will be able to get some more profit from the fish and beef from the different join ventures. To calculate with margins doesn't really matter since they will sell the products twice. You could actually say that they increase the margins on the fish, beef and crops sales.

[treit2002]

Until explicitly and definitively informed differently, I'd assume that all authorized shares will be used in 2013. This will result in 2012 WAOS in 2013 around 115M, unless more shares are retired.

At this point, if it were up to me, the company would issue a statement using that as the worst case scenario conservative assumption for 2013, coupled with a statement that all efforts to find alternative financing are being pursued. Additionally, should the company issue new shares, it will do so as opportunistically as possible.

So,it would take revenues of $290M with margins of 40% to result in $1.00 per share.

Personally, I think margins will be lower; am hoping that revenues can be higher. If we get anything in this neighborhood, coupled with the absolute end of share issuance and the cash flow positive corner being turned -- and trading in Sweden -- hard to see how there aren't huge rewards for shareholders coming, post this credibility crunch.