Don't think he cares to listen. Even in the conference call he had no concern for the recent events and seemed to have a stubborn attitude when faced with questions. He believes he knows it all, and those people are very hard to change or work with.
Solomon is now following the plan as far as we know. Nothing has changed. I would have been surprised if the market should not have reacted on the storm. Let’s see if this turns out to be good or bad. Maybe a “perfect storm” for SIAF! ;-)
Empty, real question. Can you put together a realistic plan that you think SIAF/TRW should follow? Personally, I always wanted SIAF to 1) pay a cash dividend 2) receive debt financing to end equity financing permanently 3) distribute Tri-way shares 4) reduce capital expenditures
1) They announced a cash dividend to be paid in about 3 months now 2) A couple weeks ago they told us about all the financing options they have in the pipeline including the $100M syndicate loan and essentially told us dilution will end in 2019 and provided what guidance they could for the rest of the year but that it would be over by December.
3) They put together an official plan for distribution of Tri-way ownership which includes preferred shares and told us it will be announced in a few weeks
4) They have reduced capital expenditures and even signed a joint venture where we receive 25% of profits without putting up any capital.
I know you'd love Dan and Solomon to be replaced but short term I don't see that happening. Perhaps Dan some time next year? But regardless, even with these two in here, if the plan is followed there is enormous upside here.