I think this is the major issue here, which I have a serious problem with (personally)
From Henry Sun's declaration.
It is Solomon, Solomon and Solomon running the show. We all know this. He is Chairman, CEO and CFO. Which shouldn't be allowed in the first place.
However, will it be enough to give Peter and Fredly what they want? I doubt it.
My view is this (although I am not a shareholder currently). ECAB, please do proceed and bankrupt the company. Because no shareholder will ever see a penny here as long as Solomon is running the show.
Thanks very much for posting these documents. Most interesting, and we receive more information from the posted docs than from any filings or news from SIAF in at least two years.
We learn that one of the directors was sick for a year, we learn that Solomon has been engaged in doing business with some firm in Africa, and we hear that the new director appointed by the Plaintiffs has been actively communicating with Solomon.
In our series of legal exchanges on SIAF's future, below the most recent document submitted; this time from the plaintiffs in support of the motion of receivership: