No one can predict but what happened was very ordinary from...

No one can predict but what happened was very ordinary from management they should be looking at covenants very carefully and should never have been surprised like that, it shows a lack of internal controls and management discipline.

The lesson here is that a young management team will try and get places far too fast and in the process not look at the road signs on the way and keep detouring and crashing.

Stay invested if you have a long term investment horizon as they may break things along the way but will learn and recover quickly. They also build loan products that people want and banks are unable to innovate in the loan space so once they get past a certain size I would expect they would get acquired for their IP.