I often wonder if and when a balance sheet is cleaned up, as to whether the Balance Sheet items impaired were potentially overstated in the past to improve prior years profits. Some times it's as simple as a change in policy or circumstances that leads to the impairment. You could speculate forever as to the cause or reasons why.
Exactly. It's a bad year so dump the lot and then get out the lipstick next year is the usual vc behaviour. But of course we dont know that and all vc firms aren't the same.
We as owners need them to be viable so let's hope they can generate higher gross margins or control cost better soon.
