What happened to Namaste Technologies (TSXV: N)
Ted Ohashi, 13 February 2019
QUESTION: What’s happening with Namaste Technologies (TSXV: N). I know it was one of your top recommendations a few years ago and then you cooled on it. Now I read the founder and CEO is fired by the Board and his uncle the Chairman is selling stock.
ANSWER: There’s no joy in kicking someone when they are down so that is not my objective. I often talk about the importance of management in the investment decision making process and Namaste Technologies (TSXV: N) is an excellent case in point. But the point of it is although reports by those much abhorred short sellers who write hatchet jobs on companies that describe in graphic terms why they believe a stock is extremely overvalued. But time and time again, they do provide a valuable service.
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