Replies to post #57422 on Sino Agro Food Inc (fka SIAF)

[Orreborren]

Reply from Nas is that they need to have the S1 approved and in effect before any listing. And of course you have the PPS requirement... But a cfo is not a must.

[mauiguy2]

Hope the mega contract comes through before the listing consideration to avoid the reverse split

Kavdiv, that was my first thought, too. It would be a win-win situation IF the mega contract happens beforehand.

[Noloss1]

That's what I said, no listing in foreseeable future!!
BOD have to resign ASAP, at least the 2 muppets sitting there until now, just collecting compensations. Have you thought of it, Sandberg picking the extra dividend as BOD? What else would be the reason for him to be there?? No contribution just adding extra cost, BOd, then Penser expenses! what's next?? Kick him out for gods sake!

[Trip-Fontaine]

"Still not sure why Penser cannot deliver the Swedish minor listing. Legal review result was never published. Why the change in focus to the Nas, which is tougher to get listed on."


I think its very simple. There will be no minor or major listing before the financing issues are solved.

There is no way a company listed on any Swedish exchange (and probably Nasdag aswell) can pay its bills with everyday dilution! As an investor you have the right to know how many outstanding shares there is the very day you hit the buy-button. The Penser reputation would be in hazard if they put their OK on that FN-listing. I could only imagine the bad publicity in Swedish business papers.

And it was obvious that it wouldnt be easy in todays climate for a not-listed China smallcap to get a bond deal. Especially not if the lenders are informed that their money would be spent on shareholder cash dividends.

"Solly", or at least "Blogging-Sandy" should have known that, but given the delays in their listing-plan they had probably not a clue how to dress a company before a listing!

Now they sounds confident that Nasdaq is a done deal when the conditions are check. However for example I suspect that Nasdaq didnt make up the "independent boardmember condition" only to accept that Solly has all the votes to sack these "indipendent" members if they dont follow his orders?

Siaf needs to take a bath and then suit up properly before they have a chance to get listed.