Replies to post #49976 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

RD, I assume that there is a connection between the reduction in accounts recievables and the increase in deposits.

Sure, that was to be expected. I already said that people who expect the cash on the balance sheet to increase don't understand the business. And that Solomon would spend the money faster than you can change your pants.

But I also said a year ago that we need a buffer of at least $20M in order to avoid having to issue more shares. And that's the problem. Solomon is living on the edge and every time he runs into problems he has to issue stock. And the problem gets worse because you can't cherry pick who you sell stock to, and you create more dumpers as a result. And things won't get better if Yap becomes CFO, trust me. They simply need additional funding and Solomon needs to get his act together. That's basically it. I will buy some more shares today because you have to assume that a genius like Solomon Lee would have to be able to get it right at some point.