Ann: Harvest Update and Revised Earnings Guidance, page-79

ok..clear. i guess we see the things differently. i could not care less what the price of IPO was for MRG neither what was the price yesterday. I struggle to estimate the value of MRG because the management cannot get their act together-and I think the MD might need to go in order to restore the trust. i currently hold a small parcel of 300 k - and the question is if MC will be less than 20 mln with the enterprise value of under 50mln, is it possible to avoid?
we need more people on this thread with agricultural knowledge who can provide an intelligent assessment of credibility of the reasoning for the second downgrade. in another words, when the management was supposed to know about a probability of such a poor harvest results? anyone can provide such comments on this forum?