Good to know.
I guess some of us miss Michael as he was well liked and most of us know nothing about the new guy, but he seems to have a lot of business savvy.
As the board is quiet, here is a story for you.
Michael reminds me of an acquaintance who created a billion dollar company and eventually just walked away. But he walked away as a billionaire and since he left the stock has soared to $377 per share as of today. I'm sure Chip of LuluLemon is quite happy leaving his brainchild in the hands of others as he watches his stocks and wealth reach astronomical value. Hard to believe Chip used to bomb around Calgary in a beat up Volkswagen Beetle. I remember the day he rang the bell at the Nasdaq when he took Lulu public with it's IPO. That day he made 30 million dollars when the stock went to $30 from the initial price of $18. They had just opened stores in Hawaii and New York.
Damn! I should have bought some of that, but the price was more than I could afford at the time. Ten thousand shares bought(at the initial $18) would be worth 3.7 million dollars today.
Hopefully that will be Michael and the rest of us longs one day. Not as much money of course, but enough to make our lives a lot easier.
So I suppose leaving a company that you led from it's early days is not necessarily bad news for investors or the original CEO.
Actually, I was wrong in an earlier post today when I said all my stocks were in the red. RMHB was a shining light with a final jump to six cents, up .004.
What that tells me is that very few people know about RMHB and the story behind it, but I think very soon it will burst into the limelight. New investors will be paying a lot more that .02, .03, .04, or .05 cents. Look for another big rally from the markets either tomorrow or Tues., Wed. next week as there are many bargains out there.
I should mention that if you want a good read about creating a successful business, Chip just wrote a book called "Little Black Stretchy Pants."
It has excellent reviews and I will be getting a copy. I want to see if he mentions being in Ironman Hawaii in 1984. I passed him at about 6 miles from the finish line as we traveled to the race together from Calgary in "84" long before LuluLemon existed.
I guess some of us miss Michael as he was well liked and most of us know nothing about the new guy, but he seems to have a lot of business savvy.
As the board is quiet, here is a story for you.
Michael reminds me of an acquaintance who created a billion dollar company and eventually just walked away. But he walked away as a billionaire and since he left the stock has soared to $377 per share as of today. I'm sure Chip of LuluLemon is quite happy leaving his brainchild in the hands of others as he watches his stocks and wealth reach astronomical value. Hard to believe Chip used to bomb around Calgary in a beat up Volkswagen Beetle. I remember the day he rang the bell at the Nasdaq when he took Lulu public with it's IPO. That day he made 30 million dollars when the stock went to $30 from the initial price of $18. They had just opened stores in Hawaii and New York.
Damn! I should have bought some of that, but the price was more than I could afford at the time. Ten thousand shares bought(at the initial $18) would be worth 3.7 million dollars today.
Hopefully that will be Michael and the rest of us longs one day. Not as much money of course, but enough to make our lives a lot easier.
So I suppose leaving a company that you led from it's early days is not necessarily bad news for investors or the original CEO.
Actually, I was wrong in an earlier post today when I said all my stocks were in the red. RMHB was a shining light with a final jump to six cents, up .004.
What that tells me is that very few people know about RMHB and the story behind it, but I think very soon it will burst into the limelight. New investors will be paying a lot more that .02, .03, .04, or .05 cents. Look for another big rally from the markets either tomorrow or Tues., Wed. next week as there are many bargains out there.
I should mention that if you want a good read about creating a successful business, Chip just wrote a book called "Little Black Stretchy Pants."
It has excellent reviews and I will be getting a copy. I want to see if he mentions being in Ironman Hawaii in 1984. I passed him at about 6 miles from the finish line as we traveled to the race together from Calgary in "84" long before LuluLemon existed.
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