We work had big corporate governance problem as well, I am sure if somebody would do some google they would find , as to how promoter was building wealth form himself. +

They expanded to various unrelated industries like We live etc etc , on the other had we have EFC one of the most prudent spenders with the highest profitability in the industry. Not a fair comparison at all

EFC as on date is not into just coworking they do D&B and furniture as well do we have 3 verticals.

The most important part is they are the only company to get SM REIT approval of 500cr and in SM REIT I have to bring in income generating properties so EFC existing properties would be put in here. The real estate cycle right now is so strong that if we don’t have a problem for the next 3yrs we don’t know what the mix of EFC would be at that point

As per my understanding maximum would be bought in REIT, there I am replacing the landlord so where is the question asset liability mismatch?

The promoter also prudently wishes to use debt as explained in my earlier post.

This industry is not about SL model or MA model it is about balance sheet strength EFC has the best balance sheet in the industry today, I mean at least 5-10 coworking players equity we will have to add to reach EFC equity

The meaning of balance sheet strength is every body will die before me and I will be the last on to die, I think if they are smart in a crisis they significantly increase their market share as all small once would die no doubt.

All the above are just concepts and nobody know how this would pan out all boils down to promoter execution capability and how profitability you can build the business

The only thing I am sure of is EFC would be among the last ones to die

can be wrong, thnx