Business
The Sarmientos of Vitarich

Sometimes, Due Diligencer receives emails from readers of The Manila Times. Jeffrey T. Dellosa, in an email dated Oct. 15, 2020, wrote: 'Just read your article regarding the subject Right now, Converge ICT Solutions is going for an IPO (initial public offering) as well. Any issues you see in this IPO before we invest?'

DD's response was: 'Read the financial statement first.' I added: 'Include the footnotes. More often than not, public investors fail to read the footnotes, which explain FS's (financial statements) contents.' He was referring to How the Public Lost Money in CLC IPO.'