RD sorry to hear. I've jokingly given you a hard time here before because of your emotional swings that are largely based on what the stock price is doing on that given day but you truly provide insightful analysis for this company time after time and I thank you for that. One suggestion I would recommend for all is to simply avoid staring at the stock price on a daily basis. Doing so can provide drastic improvement to your mental health. You can always reach out to me to talk as well.
There is a reason Garrett and others like him have made their wealth and it is because they are able to separate their emotions from their rational thinking. Although this sounds easy in theory, anyone within this stock can understand how difficult this truly is in practice. The fact is this type of emotional control and temperament pays in the long run because so many are unable to do it. I have been VERY wrong about the timing of the loan (I think even management themselves have clearly been wrong about their own estimates) but I am now more confident than before that the loan WILL be closed. (I think very soon but of course could be wrong again so don't attack me empty). We may even hear about the two smaller loans before, who knows.
"Tri-Way continues to work closely with several banks to secure development financing. Negotiations with banks are in advanced stages. While this is taking longer than expected to materialize, we remain confident that, once secured, this will serve not only to boost sale of goods at Tri-Way, but also and most notably, enable SIAF to generate revenue from its Capital Award subsidiary toward or past 2016 levels over time."
Solomon has also finally been convinced to do a quarterly cash dividend this year (likely by Garrett) and save a buyback program for later with the intention as he has said to drive the stock towards doubled audited book value..
The stock is a result of liquidity (more selling than buying) due to poor financing decisions but once they are fixed and confidence is restored through cash dividends everyone will be surprised how fast this stock can move. Those who were around in 2014 know what it was like to have the dilution spigot turned off. Well we are about to finally have it permanently turned off, plus cash dividends which will bring in the institutions and Tri-way dividend next quarter.
