Thanks jyyoo. Ok so Siaf itself will have to deal with 3 of those loans. Without any help from Triway, or are there more debt from Triway owed to Siaf?
That quote has been true for way more than a year...
And that's the problem; Solomon spins everything and the market knows, so why should anyone care about things that might be fluff and/or will not materialize until we have had another 100% dilution?
His intentions are real, and it might be the case that they (rightfully) were 99.9% sure that they would have gotten the loans by now, but he doesn't realize that his management-style destroys every single shred of credibility. This is why the PPS didn't rally more and longer on the cash dividend policy, and it might also be the reason why the PPS hasn't rallied more on the TRW-distribution. It doesn't help with all the lies that are being spread all over the internet either, but this just reinforces the issues that stems from lack of credibility.
Now, if Solomon hasn't fluffed us again, then things may change in the not too distant future. After all there are a lot of promises (and estimates) that can be fulfilled within a short period of time; 1) TRW-distribution october/november 2) Cash dividend declared Q4 3) Cash dividend paid Q4 4) Cash-flow positive mid/late Q4 5) End to dilution (disregarding compensation shares) 6) Cash dividend H1/19 (can't remember if they have given an estimate on when that is to be declared and paid)
If he hasn't fluffed us, then his credibility should be a lot higher (than what it is today; nil) within 6-9 months
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