It looks like SIAF got some money back in Q4 from advancements to suppliers and developers. A total of $29M. And I think Solomon gave it temporarily to TRW. For ODRAS developments, the boiler, etc. And Solomon was anticipating to get the money back by Jan/Feb (from the TRW loan).
So yes, they did have the money.
I can understand why he did it. Because it keeps TRW nicely growing. All this stuff is important. But at the same time we are suffering more and more. And this is the thing they keep underestimating.
Merkur, the SEC, the auditor, are all over them already. And they are lucky... that the shareholders are still supporting them. Excluding Fredly, Hogset etc.
So I don't know if they have the money now, if they don't get the TRW loan. But I still believe it should be possible to do 4x10c quarterly dividends. And if the first payment date is, say in July, then they would only need $3.5M for the next, say 5-6 months. Of course they can do it. The important thing is to convince the crowd that there will be 4 payments of 10c in the next 12 months. And then we should see a $3-$4 share price.
I agree with aqua. Why wait? Do it quickly. Announce it in the coming weeks. Why take any chances. What we certainly don't need is more talk in the Q1 report.
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