Finfluenza first, Founder second😂

ME DHRP clearly shows -

1. 20% of assets value are coming from goodwill [No real value, infact one of the brand is closed now]
2. Secondary dilution constitutes 80% of issue
3. Inefficient use of capital, huge marketing expenses
4. Outsourced manufacturing & distribution (amazon, flipkart)

No, there’s nothing to cheer up when founders are dumping the equity for personal gains. They could have been more honest with capital allocation.