Perhaps you are right; I was careful to say that it was in my opinion. It still is my opinion, though.
I have no special information, but I am observant. I saw and heard the Penser reps on last year's tour and again in May 2013. So, I believe what I said, but it may not be accurate.
As far as blame goes (in response to emptyone), that is a pointless exercise (in my opinion, once again). Everyone on the SIAF team was doing their best to get a solution that would end the need for dilution. No one could have predicted the number of obstacles that the company would need to overcome in the process.
Also, emptyone, Solomon has been unwilling to speculate or offer any projections about any of this, other than expressing general confidence. I think it's smart, as the company is under such scrutiny at the moment. We'll just need to be patient. After visits to PF 1 & 2, FF1, and HU today - plus the rest of the sites we visited - I feel confident that this company will reward its shareholders very well. But we need to be patient.
Overall, I think there is too much speculation about what may have happened or is happening, and it degenerates into actual misinformation.
Also, Bill, the idea that SIAF has paid cheerleaders on this board is risible. Ludicrous, in fact. Just because long term shareholders support the company, they are accused of collusion, etc. It is insulting and I know it is not true.
