When he focused on short term stock volatility and made the stock repurchase. At that time, I was vocal to let people know that they really need cash and should hoard and raise cash whenever possible because they have a big plan, a capital intensive plan that needs huge amount of cash. Alas, Jack made the mistake and now he came back to raise cash at the time he almost ran out of cash, this is bad, this is not what a wise CFO should do. We're in a financial crisis, a credit crisis to be exact, it is and will be extremely difficult to raise money for a few years, and guess what, LDK needs to raise more money to fulfill their expansion plan, but can they? That remains a huge question.
Thumbs down to the LDK management, they need a better financial guy.