RE:RE:RE:Big picture.The challenge for AJX investors of course is that the company has been stuck for decades in "venture" mode and never graduated. So the recent reset of the strategy has also resulted in a restart of the company back to the starting point. It's in VC mode again.
All of AJX business tied to meaningful growth is being driven by next generation farm equipment (automation/autonomous).The challenge is that none of this equipment is being manufactured by the OEMs today so until that happens sales will continue to languish. That's why even as farm equipment demand has increased AJX isn't participating. DV before his departure said these next generation OEM projects would start in 2021 and ramp in 2022. COVID has pushed that timeline back but its unclear by how much. AJX is expecting a recovery in the second half of 2021 as the production of equipment resumes and lines transition over towards next generation. Time will tell but that's the situation we're dealing with.