Replies to post #48616 on Sino Agro Food Inc (fka SIAF)

[Noloss1]

For me it's clear, market do not believe in it at all.

[Lucky Loser]

My opinion is that they are likely waiting for a legal "solution" regarding the structure, not a legal "opinion".

Whenever you pass a bond through the Nordics, there has to be, at minimum, an EU affiliation in place for it to meet Euroclear regs, since Eurclear serves as the "official" clearing house for all debt related instruments.

Since SIAF is domiciled in the US a structure would need t/b in place for the funds to get from point A to point B.

Thus, legal assistance is needed to establish this structure.

Delphi already had performed a legal opinion for the F/N exercise, and according to Solomon was met with satisfaction. Having been performed w/in the last few months, there w/n be a need to have this exercise done again.

My guess is that if legal time is being spent, it's toward establishing this affiliation.

[HighYield1]

I spoke to someone close to the compnay last week. He said that Solomon had met with some Swedish institutions (potential bond investors)and presented the company. There were no sale of the bond at that time. Since SIAF is a non Swedish company some additional legal work has to be done before the sale of the bond can take place. Hopefully, the bond will be placed before the end of the year.

[slyestjester]

challe--I interpret it the same way you do--likely interest from somewhere.

[emptyone]

Please remind me again who is NFI?