Replies to post #52979 on Sino Agro Food Inc (fka SIAF)

[Noloss1]

Why would that change?

[IKEA]

Would anybody be surprised if Siaf do a ride 10$ in to months (like Kandi 3-12$)? I'm not!
Nasdaq will force this stock up quick.

[viking86]

Pretty simple.

pre split : 100 shares = 1 F share = $3.40

post split (say 10:1): 10 shares = 1 F share = $3.40

so 1 share = $0.34 if split ratio is 10:1

The Company's common stockholders of record as of the close of business on the "Record Date shall be entitled to receive a dividend consisting of one (1) share of restricted Series F Non-Convertible Preferred Stock ("Series F") for every 100 shares of common stock owned by the stockholder as of the Record Date, with lesser or greater amounts being rounded up to the nearest 100 shares of common stock for purposes of the computing the dividend....

The Series F stock carries with it a cash coupon, which shall be redeemed on May 30, 2014 ("Coupon Redemption Date") and thereafter until Redemption (as defined below) occurs. Upon the Coupon Redemption Date, holders of the Series F stock shall be entitled to a lump-sum cash payment directly from the Company (or one or more of its authorized agents) equal to $3.40 for every one (1) share of Series F stock held ("Redemption"). Upon proper Redemption, the Series F stock shall terminate and thereafter cease to exist.

http://sinoagrofood.investorroom.com/2012-08-22-Sino-Agro-Food-Inc.-Declares-Dividend