I wish I didn't agree with quick_wit, but I do. La
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Posted On: 08/25/2017 11:55:52 AM
I wish I didn't agree with quick_wit, but I do. Last night's call could be called The End of a Dream. Whatever was or wasn't in Jerry's heart when he did what he did, the bottom line is that damn near nothing that was promised (or 'almost' promised) actually panned out. We are left with two positive legacies from his time: 1) a good brand name, and 2) the new management team.
This is basically a fresh start-up. It's got no revenues to speak of and damn near no track record. It's understandable if one group of investors comes to the conclusion that enough is enough and I'm outta here; it's also understandable if another group of investors sees another imminent takeoff because those are the waters we've been swimming in ... success is just around the corner!
The reality is that showing results will take time. This is because a) showing results always takes time, and b) management appears to be intent on doing it right (as distinguished from doing it fast). Inevitably, a lot of people will get impatient and bail. The price could well fall back to two cents, which will be scary for a lot of people. Right now, this company is basically a management team wrapped around a product concept. Others will see this as a buying opportunity. Me, I'm standing pat. I've been burned enough to be disinclined to add, and I have faith enough to be willing to stick around.
My belief is that stockholders who stay the course will be rewarded over time. Patience; that's the key.
This is basically a fresh start-up. It's got no revenues to speak of and damn near no track record. It's understandable if one group of investors comes to the conclusion that enough is enough and I'm outta here; it's also understandable if another group of investors sees another imminent takeoff because those are the waters we've been swimming in ... success is just around the corner!
The reality is that showing results will take time. This is because a) showing results always takes time, and b) management appears to be intent on doing it right (as distinguished from doing it fast). Inevitably, a lot of people will get impatient and bail. The price could well fall back to two cents, which will be scary for a lot of people. Right now, this company is basically a management team wrapped around a product concept. Others will see this as a buying opportunity. Me, I'm standing pat. I've been burned enough to be disinclined to add, and I have faith enough to be willing to stick around.
My belief is that stockholders who stay the course will be rewarded over time. Patience; that's the key.
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