Replies to post #55689 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

Solomon wanted to build all he possibly could build in a short period of time and thought that would be in the best interest of share holders.

I wholeheartedly disagree. CEO's do not run a business this way. Certainly not a CEO with a financing background. Solomon may be agressive, and willing to take on risk when it comes to growth, but that is a different matter.

That is nothing but a qualified guess with own assumptions.

What I'm telling you is as close to the truth as you will get. Or maybe Solomon didn't tell the whole truth when he said that we would end the year with 84M shares. Perhaps he should have said "Maybe". Then again, all CEO's hide the reality from time to time. That's nothing new.

What I'm telling you about fishery being self-sustainable is not a guess. I know this to be true. The earnings he missed out because sleepy cod was hit, is a fact also. So don't even suggest to me that I don't know what I'm talking about. The only real mystery here is the status of the abattoir at the time. What we do know is, that it requires a lot of capital (close to $20M) which accounts for most of the shares that had to be issued since then.

[viking86]

Solomon wanted to build all he possibly could build in a short period of time

sopis: most of the things he wanted to do since 2010 was clearly laid out in the 5-year plan and was carefully planned from a financial and strategic POV. Read the GeoInvesting 2010 report and the detailed presentation in Stockholm in 2011 if you want to know details. The only thing he miscalculated was probably the market reaction to the dumpage of shares by the JV partners which forced him to issue more and more shares to make up for the declining pps, and then some like the sudden slump of sleepy cod price, problems with FN listing... Nobody has a perfect crystal ball for such things, one just has to adjust plans as one goes. That's why we need a good management team I guess.