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Sino Agro Food, Inc. Message Board

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  • johnnyola_1 johnnyola_1 Aug 26, 2012 8:54 PM Flag

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    realdutch, please, you can see this company stinks to hi heaven. by the time the fraud is obvious to all, and the swedes are saying they have been had, the shareprice will be ten cents....

    any company that dilutes like siaf will also, I maintain, do some other dicey things if called upon...

    does this guy solomon tell all of the swedes and shareholders he intends to dilute like this? My understanding is the shareholders never know beforehand that the guy has issued another 15 or 20 million shares until after the fact, and the company or creditors are selling these issued shares into the marketplace, to pay bills they are owed? right or wrong?

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    • Well, we have all the answers now as we have confirmation from the company.

      Number of outstanding shares last friday was 90M (fully diluted = 83+7). They will cancel 6M shares as promised before year end. I'm assuming they will also have to issue 3M to 6M shares to settle debt so we will probably end the year with close to 88.5M shares (fully diluted).

      The weighed average number for the year should be close to (74+80+85+88.5)/4 = 82M (fully diluted) for purposes of calculating EPS. Which is 3M less than I anticipated.

      Total issuance in 2012 = 88.5-74 = 14.5M shares

      They expect to end the year 2013 with 100M shares outstanding (fully diluted). Which means we should use (88.5+100)/2 = 94M weighed average in order to calculate earnings for 2013. 1M more than I anticipated.

      So now we know what to expect.

      • 2 Replies to realdutch01
      • dutch you are being strung along. A year or two ago, the promises were dramatically different. Treit on ihub had the company operating with like 4 to 6 farms by now, and awash in cash, and another 4 more on the way, partners banging on the doors with suitcases of money, and so on and so forth...and a share price projected at perhaps 10X its current price.......i remember his numbers...

      • Dantman received this e-mail from IR


        It is my understanding from management that the current O/S is approximately 90M shares. The Company is planning to retire 6M shares, bringing the total basic and diluted to 84M for the end of 2012.

        I have also be given guidance of 78M weighted average outstanding for 2012. Management has not changed EPS guidance from $0.68.

        Warm Regards,
        Chad Sykes

        Happy hour?

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