This is why a lot of people in here has lost so much money, do you think that is the whole picture?
4 million shares outstanding to 40 million shares outstanding gives you about a 90% loss if they’re not able to do anything good with the capital, I mean how hard should it be to gain 15% of your investment every year in China, and to actually do something to add value for suffering shareholders at this stage (or for 2 years ago).
5 bucks a share in average x 30 million diluted shares gives you $150M that Solomon has been pissing away from shareholders/lenders (so far), however I think the profits may start to go up from here, but we all know where all the money goes, and with dilution it won’t matter in the end. Assets or receivables doesn’t mean anything unless you have something to back it up with. To not sell assets at this point should be a crime, but instead of selling assets or use cash flow to support the owners Solomon chose to dilute half of the company for pennies. Solomon need to wake up, but also a lot of shareholders.
If Solomon doesn’t stop the dilution and protect the SP, it will soon be trading at a few cents, as for now this is like buying cancer with potential. EPS and a good strategy is all that matters.
Who knows if Solomon started to pay of the ECAB debt with more shares.
Garrett just told us that Solomon hasn’t paid him anything so far, will we see any changes here soon?
