Personally I actually appreciated this "memo". I think the memo it self gives me some hope:
1. They (kind of) fixed the broken promise (we have been waiting for it after the cc)
2. They actually had done the work going through this and it's laid out professionally (though I completely disagree with the conclution)
3. It presented an insight in the loan structure
4. It resoned (once again) why we should expect them to be delivered back, and gives me the impression that the author at least is confident about this. Some posters here give me an impression that more resources are put into wrecking the share, than the opposite. Buy-back of collateral might be the reason of course
My view is we are in the middle of a credibility crisis (a very strechy one). Our understanding of the company is mostly founded on their communications. The worst thing to do during a crisis, is to stop communication to your community. But not BS, but keep us updated. I.e, what happened to siaf sweden? Harvests in TRW. Customer feedback, contracts, new management supplementaries etc
