Another problem is that Solomon isn't upfront with us with the deal SIAF has with TRW; is there some fine print that states that TRW will not repay SIAF until the pre-IPO? Are the partners furious about the failure at AF4 and are withholding cash until that is resolved? What is going on? Solomon will not tell us...
Q2;
$3,413,141 (91 – 120 days) and $5,775,840 (over 120 days & less than one-year) is AR that will be settled within trading terms of 360 days.
Q3;
The bulk of the over 120-days accounts receivable under CA’s consulting and service sector represents outstanding debt owed by Tri-way to the Company, which is expected to be settled within the foreseeable future.
Does this mean that TRW suddenly will pay SIAF earlier than the trading terms??? And what about TRWs profits - does Solomon have a say in how they should be used? (i.e a cash dividend to the owners, i.e 36.6% to SIAF, would do wonders)
From the little we know there should be no problem for Solomon to fix this, but there is so much we do not know so we can only speculate. Well, Solomon will learn that sometimes it is better to tell the truth - no matter how bad it is - than to hide it and let speculations run amok
