I've been Investing in this company for over 5 years, so I'm well aware. My analogy was simplistic. I'll try another. I own a 100 million dollar a year business .
I have employees that look to me to set expectations about the future. I NEVER set the best case scenario for any situation, as there are always delays.
This transparency you speak of is more accurately described as lack of experience.
New leaders want to dessiminate potentially good news for the short term positive reaction. While experienced leaders know that when you set expectations and then beat them you build trust. If you don't agree, find the most successful business person you know and ask them. I promise they will agree with me.
It's this inexperience of Nadars that concerns me the most.