Replies to post #58652 on Sino Agro Food Inc (fka SIAF)

[NewJerichoMan]

I'm guessing it's the dilution.

Super fast growth has come with some super high costs...for shareholders.

[RealDutch]

I think Penser is simply worried about their own reputation. No senior manager is going to put his ass on the line for this company. If the shorts attack this company then they could suffer the consequences. Or, SIAF could do it to themselves like Solomon is doing now. Any kind of lawsuit is bad publicity for Penser.

Nasdaq is probably having some doubts about the quality of management here. They could simply be waiting for the S-1. They may make Solomon run in the mean time and validate everything there is to validate. I think with the mega farm and proper financing we still have a good chance. Although the dumpage may have ruined everything already.

[kavdiv98]

All of us are investors and biased. Living on hope but fail to see that a listing to a major US exchange will take a while for a small cap 'Chinese' company. Need not be any one thing that is holding it up. I have no idea.

Why is there not a CFO for this company, I do not know. Will appoint a CFO if you list us will not cut it. It should not. Solly has the board approval to do it. Solly can even appoint a CFO and like the CFO himself. But he has to appoint a CFO.

If FN did not materialize, I wonder why. Penser did not sign-off for a reason. Not sure why. It is just not the case, that Penser was too conservative.

I personally think SIAF is transparent (hope so) and so is the management. A minor and major listing taking too long does convey information, in of itself.

I do not think the Nas is dead, but do not think it is that critical either.

kavdiv