Its strange that if so in China, it only applies to us. Why doesn't our cusomers and suppliers (which are also in China) have to act as a bank?
Who gave SIAF that role? Does i.e Gualian take a similar role? (anyone to check their balance sheets and cash flow pls?)
And lets just imagine this is how it works in China and we somehow got the bank role. Why continue to reduce cash and spend it on building inventory etc? When they promised to reduce cap-ex, they just reduced it to fit the reduction of profits and this resulting in less cash than after Q2. This is a breach of what they promised us.
Our problem is that many people still are uncertain about the actual size of operations and claim that there is only numbers spinning around in a complex structure. Well, when we see that year after year all profits - no matter how large they get - seem to disappear into "banking"-activities and balance sheet increases, then the company is not able to prove that the scam accusations are false.
I feel that the documented assets (as far as picures go), do not show the level of activity and employees and level of operations which we are supposed to have.
Snow, I really hope we are in the right company. But its the managements job to convince us. First bus stop: pay cash dividends every Q.
