In my opinion, the problem with the recent meeting was overblown expectations. People were expecting a large announcement that did not occur. The other issue was a lack of a tour of the facility. I understand there may be trade secrets that they cannot disclose, but the lack of evidence of build out progress left me with a bad feeling in my gut. They could have done something other than show us more plans, to show what they have been working on. That being said, in the article published today we learned that the time frame for buildout is more like 7 months, so i guess now i understand. :0/
As a result, i decided to sell approx 15% of my position. I was able to triple my entire investment as i got in very early and now plan to ride a substantial block of freebies for at least two years. If i see Bill dumping large blocks of shares before the license is received i may rethink my position. He has stated that he has no intention to sell, so at this point, i am taking him at his word.
The other reason i decided to take some profits now is the restricted shares that will be hitting the float soon. These are a little scary as many of them are held by financial companies, who most likely will dump asap to recoup monies owed. I think we are in for some rough seas short term, but in the long run, i believe Bill will get the facility built and operating, resulting in huge revenues and share price.
Just my thoughts.
As a result, i decided to sell approx 15% of my position. I was able to triple my entire investment as i got in very early and now plan to ride a substantial block of freebies for at least two years. If i see Bill dumping large blocks of shares before the license is received i may rethink my position. He has stated that he has no intention to sell, so at this point, i am taking him at his word.
The other reason i decided to take some profits now is the restricted shares that will be hitting the float soon. These are a little scary as many of them are held by financial companies, who most likely will dump asap to recoup monies owed. I think we are in for some rough seas short term, but in the long run, i believe Bill will get the facility built and operating, resulting in huge revenues and share price.
Just my thoughts.
