Peter,
I don't want to be overly optimistic, and I had all the same thoughts until I began to dig. What has me so excited about LBWR is that you are absolutely correct 99% of the time regarding pinks. I've always wanted to find one of those 1%ers that does not fit the mold. The one that can make you rich. The one that offers plenty of opportunity to establish a descent position while 99% of the people can't get past the pink stigma. I think we've found just such an animal.
The pink route allowed a brief time to get a million bucks, become public, open doors, start business, etc. The key to it all was to become profitable BEFORE having to do what all the other pinks do -- print huge numbers of shares, do offers, so iffy financing, get in financial trouble. LBWR DID what the eventual, successful 1%ers do. The business plan, and more key, the reputation and expertise are SOLID. I have a feeling the contracts will now continue, one by one, until maybe 2-3% of the investors who simply disregard pinks take notice. By then, the stock will be well on its way.
I remain,
SOROS |
