SHARE

News Alert: Citius Pharmaceuticals Receives FDA Approval For LYMPHIR™ (Denileukin Diftitox-Cxdl) Immunotherapy For The Treatment Of Adults With Relapsed Or Refractory Cutaneous T-Cell Lymphoma. Click to Read More.

Sino Agro Food Inc (OTCBB:SIAF) has been gaining a lot of investor interest, mainly due to the announcement of its 1Q2015. The company reported new highs, in terms of revenue, for its 7th quarter in a row. The most attractive part of the report was the increase in equity for shareholder by $1.76 per share, which totaled to $31.4 million. Additionally, the company also revealed plans to expand on its beef subsidiary in China, through its new CEO, Mr. Peter Rosta.

SIAF was happy to report that it is amongst those penny stocks that are in excellent financial health. The company had $10.9 million in cash and a working capital of $254.5 million, as of March 31, 2015. The only negative of the filing was that the number of outstanding shares has increased by 130,000. This included around 48,000 shares issued as incentives for staff and directors and around 76,000 shares for third party loans, which are to be returned upon the return of the debts.

SIAF is the producer of agricultural technology and a natural food holding company. The company’s main market is the Peoples Republic of China, where it markets sustainable protein foods, with a special focus on seafood. Now the company has decided to expand on its beef business in China, through its subsidiary, Qinghai Sanjiang. The appointment of Mr. Rosta to the executive board has been done to make use of his relations and 20-years of experience with companies in Sweden.

As part of the executive board, Mr. Rosta’s first order of business would be to assist the company in its participation for acquiring of two beef subsidiaries, from a state owned company. The two companies in question have shown themselves to be profitable in previous years. SIAF management would be working with Burnham Securities to analyze the transaction and assess the potential benefits and/or losses from the acquisition.

Sino Agro Food Inc (OTCBB:SIAF) closed at $14.20 on May 29, after trading 18.20 million shares during the session.

SHARE
Previous articlePropanc Health Group Corp (OTCMKTS:PPCH) Gets Coverage from SeeThruEquity and Updates Investors on Drug Development
Next articleFederal Home Loan Mortgage Corp (OTCBB:FMCC) Reports Increased Business and Sale of NPLs
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.