Replies to post #31636 on Sino Agro Food Inc (fka SIAF)

[surfer44]

Also ALN.

It cracked me up. First the Chinese companies were being sued for fraud, and then they were being sued because the buyout offers are too low. Just can't win.

HGSH did ok though - 500% in 3 days

[RealDutch]

almost as important for LT shareholders in this context besides Fraud and Going-Dark is Mgmt's intention to go private or not.

Very true. Take a look at CHGY. Going private for 14 cents or 7%! of book value. And the 6 largest shareholders have already agreed so no vote is needed. They report one bad quarter and then take it private. Not sure what is going on here but the company is one big VIE. I'm thinking the CEO blackmailed the shareholders with the alternative being, going dark and/or never see a cent again.

I may be tough on Solomon but I'm not stupid. If he pulls this one off I will raise a statue for him. But first we need to get to $1 :-)

[surfer44]

Another thought about going private. Maybe some of the companies are getting tired of languishing in the cellar for 4 years, so maybe their thought is, if no one wants to invest, then I'll find some people who do.

Maybe all that is needed is a jump start in the Chinese smallcap space and everyone will be happy again.

[Traderfan]

Look at what happens to YONG: buyout offer by CEO and interested consortiums approved by Company for less than a measly $6/sh!

The offered price for YONG right now is 6.60 actually and it might get even raised a bit. Maybe.