Management with zero capital market experience? I do agree on the fact that Plant-Based Investment has been supporting their investments and will continue to do so....
However, i believe we all agree on the fact that PBIC would be in a much better position to support their investee porfolio if they would trade closer towards their book value....
When supporting your investee portfolio by raising capital at 1/4 of its book value.... this in my book is not smart especially when they have done ZERO MARKET AWARENESS.
Why was there a management change last year? Most often those are done to bring fresh blood, fresh business ideas and inovation..... Usually a new leader will lay out his plans.
CGOC was a great idea.... missing execution from previous management.... Now this new one i am not so sure of.
I know some folks that invested back in the IPO round.... lets just say they arent happy campers.