Slap my friend. I knew you'd be here soon.
Hope all is well in your land. Me, I've got my daughters wedding this week down in beautiful Pismo Beach. A nice casual beach wedding.
Well it looks like things are getting more interesting by the day, don't you think?
To me, this is the most excited I've been in quite some time. All of the US issues are being dealt with by the courts, and the current offer is higher than the FC loan and most likely a few other small debts. If they can get extra funds, that will be just a little more to shareholders.
And the reason most of us were even here, the China assets are included "0" in the BK. Since Van doesn't seem to really want to run a hog industry company, it looks like they are selling all the assets. And with the value they have put on them, around $400M, which is around where many of us have valued them too. Since there is no other debt, I can only see how this is a very positive step for all of us.
I'm sure it's going to take another few months to sell everything and get it all finalized, but to me it is all very promising.
Van may have just pulled the rabbit out of the hat. If he did, he certainly held his cards close to his vest, keeping us all in the dark frustrating the hell out of us.
Stay hopeful my friend.
