aqua "nearly no talk about how to free cash from the balance sheet." I also agree with you here. SIAF appears to have a very bloated balance sheet. Attempts should be made to convert assets to cash, which could be transferred to shareholders as cash dividends.
Be street smart -> there's no cow business. Second priority, scattered barn and dung business? It's unprofitable, impossible, inconvenient, illogical and absurd. There's no cows, come on wake up.
How can you actually run SIAF with cash equilent around 0,5-1% of yearly revenue?
I have a pretty good idea I think. Solomon lives on the edge. He spends fast because he wants to grow fast. He knows every detail. And when he is short of money, he can inject $3M of his own money temporarily. Even then, he runs into trouble more often than he wished. And had to do an emergency offering, notes or whatever. pre 2014 things were a lot easier for him because he could always issue more stock for cash to vendors.
He would drive any CFO crazy in a matter of months. IMO. But there's also an upside. He can grow fast if he can pull it off. Which is what happened until 2012 or some time. He wasn't lucky though, and had to take a hit on earnings many times since then. And he counted on loans from Sweden a couple of times which didn't materialize either.
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