Is the honeymoon over?, page-189

" Let's imagine for a moment that much of what we got told last year was not true (and maybe that is a real possibility). But the circumstances are not right for them to come out and declare that. If that's the case then we need patience from all, and most probably a better narrative to replace last years.'

Firstly, I seriously hope that doesn't turn out to be true. The problem I have, is that if the narrative was untrue, then there will never be a good time for them to come clean and declare it. If they were lies, they were also being fed to retailer's through third parties on Hot Copper, through innuendo and snippets of super positive near term growth, adding to the power of the ramp. Which also leaves no one accountable. If that turned out to be the case, then it would have been a planned and intentional rort. The sort of behaviour you would expect from a boiler room or a ponzi schemes. Because there is a real possibility that it was lies, the management need to address and clarify immediately, and inform us on what action was taken. Not try to bury it or ignore it and hope it goes away. That would at least help to restoring some of the trust and credibility that has been lost. Until that is addressed, I certainly don't think it's as simple as just being patient and wait for a better narrative to replace the old narrative.