Circus in townThis has become an act of lunacy. It bothers me why couldn’t the current board and Yu find a way to co-exist rather than this extreme. I mean I’ve been doing business in China for over six years. China is a people oriented society and one of the most bureaucratic country in the world. You can’t expect to just have some “management” going in and take over as you wish. Nothing goes by the book or law there, people go to jail for funny reasons or no reasons. First of all, “six weeks”, well, good luck to that! You may never set foot in the plant with legal doc. Second, I highly doubt the new management can make the transition smooth. Doing business in China relays on Guanxi. Hanfeng fertilizer is a value added fertilizer which means more expensive than mainstream fertilizer. However, farmers only care about price and hard to convince. You can’t just point someone and expect him to fly an A380. No miracle here. I can see the current board had not ideas about management or China before they fired Yu’s A$$. Now all I can see from them are frustration and wonder,” WTF is going on in China”.
The press starts to get funny. The company issues more news this week than they do in a year. I start to like this show. Someone mentioned Owen has a movie company. I bet he could make a film out of this, better than Margin Call and Wall Street.