If I suddenly only get half my paycheck every month and put all the money that I have in my bank account into one bet in a casino and lose it all, am I then forced to beg other people for money? Could I cut expenses and try to sell other assets, or should I ramp up and get an even bigger house since the banks may approve it.
It's just pure BS that he's been forced into anything since no one else than himself put Siaf in that situation in the first place. Solomon has been spending money as it was his last day on earth since 2009. He ended up in situations where he had to give away shares as payment to his contractors and he didn't stop even if the share count went from 4 million shares to 17 million shares. So after a while, yeah he basically got forced to take the ECAB deal since the contractors couldn't accept more shares as a payment.
Solomon had some luck after the ECAB deal and got another 10 + 15 million dollars in loans but still, he used them all without having some sort of backup plan. It didn't help with SJAP's lousy performance, SJAP is basically worthless for now, and it cost us, the shareholders, about 10 million shares (from 4 million to 14 million shares).
If Solomon only would have stuck with the demo farms back then when we had 4 million shares outstanding then we might have had a chance at that 100 bucks party by now.
Solomon is running TRW and he was the one who accepted to make it a Megafarm, there's no chance he was forced to take another loan (Garrett) or been diluting the company like he has been doing during the last 10 years.
He could also have stoped diluting the company through him and his employees. To grab both a hefty salary and shares with this performance, well it is just ridiculous.
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