Originally Posted by
Casino
I understand the hostilities but I don't appreciate it. You may feel that investors are vigilant and demanding enough. Let's agree to disagree. In my opinion, a crash/correction is not imminent. People can verify/falsify as things develop.
My issues with Xero/Drury aren't personal. I'm sure that he is a great friend/family member to many. It is his management style that does not resonate with me. Others may love him for the exact same reasons. My dislikes are:
1. Cherry picking and distortions of information
Examples: 'Proclaiming Xero the number one challenger in the US in a financial statement'. 'Fudging over new QBO release, fudging over new QBO API in investor briefing'. 'Pointing out lower number of QBO add-ons/ecosphere'
2. Lack of transparency
Examples: US growth, impact if Australian backlash on growth
3. Media relations
Examples: 'says he doesn't follow share price although he his obliged to by NZX rules', 'says NASDAQ listing makes no sense until revenue is 100 million - revenue >80 million US dollars in previous financial year is a requirement not a sentiment'. 'says Xero is not for sale - easy way of complying with obligation to prevent false markets and at the same time not'. downplays the threat of intuit. tweets too much.
Again, people may like him for the exact same reasons. Do your own research.