There is no harm in dissecting an issue and discussing if it brings out better clarity which is what VP is known for. Here people have real money at stake and people are not playing paper cricket. Truth will come out only through proactive analysis.
If the management does NOT reply to concerns in a straight forward manner there bound to be questions asked and repeatedly.
When management knows that investor community is uneasy and if they are not doing anything wrong, what stops them in clarifying their position in a crystal clear manner –
- We have cash of X amount in Y Bank with Z a/c number (if can be disclosed) and we are hoarding this cash because of W, U, V reasons. If W, U,V are not logical then investors will take appropriate decision to be part of the business or not though equity stake.
Please don’t taunt as real money is at stake here. Some could have made this as a part of core holding and IF there is any issue exiting will be difficult and could lead to financial loss.
I absolutely have no stake here, so please don’t misunderstand my post. Even MPS has money of 178 crore and management AND investors know exactly why that much cash is there. People are not over analysing the cash with MPS right? There is clarity in MPS and that makes holding the stock comfortable. So when so many people are analysing, then there is some reason to it. Only in hindsight we can tell if this analysis was hyper or lower. I hold MPS. Sorry if I hurt any sentiments here.
Moderators: Delete the post if you felt this is over the board.
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