This is fine, because companies especially young ones go through all this. But they must be upfront to the shareholders, admit what didnt go their way and how they try to overcome it. That is what my concern is. None of the important points around these set backs and shifts were explained upfront, only as answers to questions and they made it look like there isnt any concern at all.
Fino Bank is a very small company, and there is a long way to go. We do not know if their planned model will work out. In such a case, how will one make a decision on investing in this stock? It is mostly by betting on the management – if they are good, they will figure out on the way, they might fumble but will find out a way and thrive. If one waits to see if their plans work out, it might be too late, we will miss many multiples.
But without transparency and the way they try to paint everything rosy, how can I bet on this management?
| Subscribe To Our Free Newsletter |
