RE:RE:RE:RE:RE:RE:Someone Poke It Fair question - nothing changed my mind.
I hold nearly a million shares, so the aforementioned 50k shares that I bought and sold were not material to my overal position here and should not be used to glean any insight on my thoughts with respect to the company. As noted, I picked up the shares very cheap, then after seeing the tragic guidance provided in Q3 earnings, I knew we were going to have to wait 4/5 months before earnings/audited financials were released. Therefore, I figured I would dump the shares for a little gain and continue to patiently wait for Godot.
The debt here is not a problem. I'm not going to entertain this point.
I agree on profitability. Zig has yet to come close to hitting the 150k tons per quarter run rate. As I'm sure you know, the excuse has been railcar issues, which has since been resolved. Management here was incredible at navigating the Covid period so I cut them slack, but my patience is running out (as yours appears to have).
Truthfully, I would rather see SNS operate at maximum capacity for a couple quarters (minimum) rather than get acquired beforehand. It's impossible we the shareholders receive fair market value without this data. We have to look back half a decade here to see what EBITDA/ cash flow looked like when running at maximum capacity.
...hopefully we get some answers next week. All the best and sorry about the defensiveness.