1) As I said before, ALL companies struggle when getting current. Especially if you have to do 5 years of audit work. And ALL companies have optimistic CEO SOB's. You don't become CEO if you are not overly optimistic. We can't criticize Laxmi for being transparent.
No, not for being transparent. But for breaking his word, time after time after time. And if someone repeatedly breaks the timelines he himself has set up, without any attempt to explanation or excuse, it tells me that he can not be trusted. Apparently he doesn't seem to have the slightest clue about what it takes to get current. Or even worse, he is not truthful about what is going on behind the scenes? And if truthfulness is not important in one matter, why should it be so in another? How could you trust anything a person says who time after time proves that his word can not be trusted? This is by far the largest red flag in my book.
2) We still have an 80% probability that they will file in March. Followed by a Truejet deal. This should be good enough for a $50 share price
Well, the percentage was 99,9% for filing in December so if you end up with a probability even lesser than that, I am not holding my breath.
3) As Aandt has pointed out several times, you have confirmation that the company is legit. From all the articles on the web. So why some people are still questioning this is beyond me.
Yes, lots of articles. But no shareholder value as of yet.
4) This company is not like SIAF. They are market savvy.
Maybe they are. We don't know for sure, do we.
5) I just don't think that the SEC will suspend them at this stage. And even if they do, I expect the company to come back with a vengeance.
A coin flip, I suppose. An asssumption not strong enough to risk any substantial money on.
6) They are making money faster than you and I can count. It is so easy for them. And losing Air Asia and Air India doesn't mean much as there will be other opportunities for them.
Sounds fantastic. Just need to see some shareholder value. Until then, the risk is far too big IMO.
7) You have a CEO who is reading what we discuss. At least he is aware of what is going on, how we feel etc. Not like those other idiots.
Whose shares are ALPS selling? I don't know. Do you?
RD "And ALL companies have optimistic CEO SOB's. You don't become CEO if you are not overly optimistic." My experience is in line with your statement. During the 1980s I met with some of them in England. The net result of that is that I became too optimistic about their stocks.