I also did talk to people who confirm that he is not a crook, he is a hard worker but he lacks understanding what is involved in managing a publicly held company and either doesn't listen to good advisor or gets influenced by bad ones.
That's why people around him come and go except for those agreeing with him.
This being said, I am also told that something (no one mentionned it but I suspect the Bengladesh ownership situation) renders appropriate audits almost impossible and unacceptable to reputed auditors unless the something is outlined clearly in the audit report. Matin, for whatever reason cannot accept to have this "something" divulged AT THE PRESENT TIME.
That why, I suggest that a business there is, claimed financials by Matin are including figures which should not be included but bottom line would be positive if reality was recognized, even if a fraction of what is being claimed.
This is right now an outright SPECULATION, not an investment and my SPECULATION is that right now Matin is building a business and probably generating a bottom line of around 10 or 15 cents per share, justifying current PPS.
Great profit are still possible IF SOMEHOW Matin, with time, succeed in resolving whatever problem I called something in an acceptable manner.
This is SPECULATION and unless one wants to speculate (long) on it, the alternatives is trading on the PPS movements or walking away altogether.
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