Replies to post #139429 on Sino Agro Food Inc (fka SIAF)

[modes948]

I think they said that TRW is not yet cash flow positive.Obviously the same story as with SIAF profit is in receivables.
So as long as TRW will be growing it will need funding just to grow its book value which however will not be in cash but as usual in receivables, inventories and development.
Isn’t it possible to change the credit terms from time limit to money limit?For example instead of giving customers 3 months or more credit in which they can accumulate millions in debt, give them say up to 3 million dollars in credit and then if they want to order more have to pay.
Don’t know but can’t see anything changing with Solomon as CEO.It can be very hard for him to start saying NO and Enough is Enough to old friends and customers who may continue to take advantage of him.

[ks1977]

because trw development is stalled it's not going into capex

Didn't RD post satelite pictures about ODRAS-development at AF1-3? I.e they are spending money on capex.

It would be interesting to know whether TRW has the same horrible credit terms as SIAF.