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The Swede

03/28/13 6:31 PM

#34275 RE: Andrew26 #34273

Yes this thing really doesn't seams realistic does it? First trading day in FN will tell us what is going on.
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NewJerichoMan

03/28/13 6:48 PM

#34283 RE: Andrew26 #34273

No Minimum Number of Shares to be Sold.

So...it could be zero shares sold.

"This prospectus related to a direct public offering by Sino Agro Food, Inc. of a maximum of ________ shares of our common stock at a price of $___ per share for maximum aggregate gross proceeds of $26,250,000. The shares offered by us will be offered at a fixed price of $____ per share for a period not to exceed 180 days from the date of this prospectus. There is no minimum number of shares that must be sold in the offering, we will retain the proceeds from the sale of any of the offered shares, and funds will not be returned to investors. It is possible that no proceeds will be received by us or that if any proceeds are received, that such proceeds will not be sufficient to cover the costs of the offering. The shares are offered directly through our officers and directors. No commission or other compensation related to the sale of the shares will be paid to our officers and directors. Our officers and directors will not register as a broker-dealer with the Securities and Exchange Commission in reliance on Rule 3a4-1 of the Securities Exchange Act of 1934, as amended. The intended methods of communication include, without limitation, telephone and personal contact."
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NewJerichoMan

03/28/13 7:16 PM

#34284 RE: Andrew26 #34273

I suspect this is an offering for big boy Swedish hedge funds prior to the FN uplisting. Stay with me. I think this will make sense. If he a hedge fund wants to invest $5M+, it's gonna take at least four weeks to establish a position, it'll run up the stock price anyway, whilst incuring copious transaction fees hitting each and every ask.

For the large investor/funds, to pay a "liquidity premium" to get in the door may make sense, at least from a convenience POV and maybe from an economic one as well.

The major risk for them, and us, is if we don't uplist. But I doubt a big boy hedge fund would invest not already knowing the outcome of the FN uplisting.

Do you buy the reasoning?