gnufrag: Solomon is known for dangling carrots, no doubt. And one cannot blindly trust anything that this company states.
However, they have picked things up quite a notch now; they have carved-out TRW, and they have said that they will give ca 50% of SIAFs 36.6% as dividend. They have also said that TRW is working on the F-1. There can of course be delays (heck, let's even assume that SIAF wants to stall this for some reason), but there is no way back now. SIAF can't change it's mind and keep all 36.6% of TRW. The lawsuits - both towards SIAF and BOD - would be massive.
I couldn't agree more that SIAF has to adapt to non-Chinese standards. There seem to be a lot of cultural differences between SIAF and the markets it's trading at. For instance we want transparancy, while the chinese mentality (I assume Solomon has a chinese mentality although he's not a chinese citizen) says that you should tell people what you think they want to hear. I assume that's part of the credibility issue we have, although there is a line between this and what they can do in the stock market. However, SIAF does have non-chinese lawyers and IR/PR. There is a limit to how big a carrot he can dangle, as well HOW he dangles it. They have crossed this line now.
And we also have the possibility that Solomon hasn't deliberatly dangled carrots this year, but that things take time - and maybe more time than he (and the rest of them) anticipated. Do you feel that WHOLE board/management lacks credibility? I would agree that many/most of them do (more or less), but Tony as well? Remember what he said in CC Q1?
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