TF,
I agree with you totally on all points. But, not on the last point. I feel getting a professional on the BOD who is skeptical and challenges Solly will do more harm than good. This is Solly's baby and will remain that way. If you do not feel comfortable, one should not be an investor in SIAF. Faith in Solly = Long SIAF is the underlying investment thesis.
This is how I see it. Solly is a visionary and has taken us a long way. Not the best execution on funding. But Solly likes to operate with a group that helps him along rather than challenge him. People are different and so is Solly. The pps will follow when the cashflow turns positive and that is what we should be trying to convey. Solly knows that too. Solly has been very transparent too. Does not always listen to investors, but very transparent for sure. Many good qualities and a few warts. But then, who is perfect.
To get a contract (project) for $4 billion for a company of this size is incredible. That requires some selling of faith to Solly's Chinese partners and I feel Sino Agro will execute, as does his Chinese partners. Many partners would not even consider a firm of Sino Agro's size to bid on a project like this. The mega farm contract is unbelievable.
Th ball is now in Sino Agro's court to execute and is the strength of Sino Agro. Let's see how it plays out. To me the current BOD is fine, but we need a CFO.
kavdiv
AI
