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Alias Born 09/11/2007

Re: None

Thursday, 07/20/2017 9:05:14 PM

Thursday, July 20, 2017 9:05:14 PM

Post# of 63744
I always try to learn from bad experiences and turn it positive. Banro was a $20k lesson for me, but I now know that if things don't seem right then they probably aren't, and to always trust my first instinct. Some examples that were red flags but I chose to ignore were:

- poorly timed PRs just about every time momentum seemed to be building in a positive direction. Now looking back seemed to be on purpose.

- stupid amateurish mistakes made by management that now looking back were probably on purpose.

- key people leaving or retiring with ridiculous compensation packages that took years to payoff.

- unexplained "surprises" every quarter that caused them to borrow more money or enter streaming agreements that they knew they would never get themselves out of.

It appears they wanted to slowly fail by death from a thousand cuts.

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