With all due respect, it is not about how good/bad the result is but the intentions of the promoters.
For me there are only 2 scenarios in this situation:
- The promoters are fraudulent and wanted to manipulate the price of the stock
- The promoters are incompetent
Either way I am no longer interested in the company.
Please note that the promoters took 2 days to revise the financial statements. That is a massive amount of time. What could possibly have taken that long? Did they just not carefully see the results earlier? Were they waiting for the stock to fall? I don’t understand. I have hardly ever seen such a thing in the market before. And when integrity/ability of promoter is questioned specially in SME, it is a big red flag for me.
Disc: Exited
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