Why FLN still suffer on their share price?, page-43

What are you talking about? "he sold his internet serve company only for 10m"? Everyone is entitled to their own opinion but you're not entitled to your own facts.

MB has shown mixed results at FLN. It's impossible to ignore the rocket ship growth up until 2016, just as it's impossible to ignore the 3% per year growth after that. Maybe they'll break out next quarter (and stay broken out), but it's been four years of low-single digit growth.

It's possible that MB was a good growth CEO but is not a good CEO for the bigger company that his growth created. I think his paranoia about controlling the company has made him too reluctant to raise more money or to list on an exchange with a savvier investor base (NASDAQ?). I think he would much rather keep getting $600K per annum and being the big boss at a smaller company than running the risk of being pushed aside at a larger company. So he's been too timid to go raise serious cash for growth. So now a long list of Australian tech companies have passed FLN and are way more valuable (Canva, Atlassian, Afterpay, etc).

Also, MB really needs to get some better staff in. The key management personnel page has always been a shit-show. There's a handful of people with experience from outside FLN but they are all "procedural" people: legals, compliance, accounting. All of the major technical figures and all of the other managers are 100% promoted from inside FLN. No-one has FAANG experience or any significant success themselves. This is weird. Most success stories you hear about you can talk about the strong #2 or #3 players, but at FLN it's Matt and the Seven (Seventy? Seven hundred?) Dwarfs.