Well noted. Whatever you saying is 100% true. Trying to mitigate the risk through position sizing is the key here for me. Depends on how much price I am comfortable paying, if proven wrong. Definitely views have to change when your thesis is broken. But my thesis in this story was not based on this company having the best of the accounting practices. Doesn’t look like such a grave thing or a scam. Highlighting issues like this may even help them in improving their accounting and corporate governance standards.
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