Another company where the BOD & CEO need a change… sometimes...

Another company where the BOD & CEO need a change… sometimes they get dirty like diapers and need a fresh one!

IHL used to be big bet for me as some of you may know. IHL helped me switch orbits so I will fondly remember that. Then my biggest holding became RAC as we had good mgmt & BOD and we were firing all cylinders. Then we hit a bit of a pause… now we are getting back on track.

I have learned an important lesson - you don’t have to make your money back exactly the way you lost it. If you lost investing on A, you can make money on B, C and D. But if the mgmt at A is making poor decisions or they don’t have a great product-market fit, just being stubbornly optimistic doesn’t help your prospects.

Whenever mgmt makes a big decision such as to dual list a company for no apparent reason, or they are focused on the ST SP etc., each is a big red flag for me and I quickly head for the door.

All said and done, in a couple of weeks/ months someone will again mention US listing. Such is life