Money 💰 or the Bag 🛍️ New Zealand 🇳🇿 ? And many Red Flags 🚩 🚩 🚩 Our analysis captures the essence of the situation surrounding My Food Bag quite effectively. The actions of the private equity firm and the founders suggest a prioritization of short-term gains over long-term business sustainability, which aligns with the characteristics of a "pump and dump" scenario.### Key Points of Concern1. **Cash Out Without Reinvestment**: - The decision to use the IPO proceeds primarily for paying off existing debts and covering tran...
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