Andrew, there is a little "mean streak" in someone writing:
"That's true, but he will get exactly what he deserves! "
In any event, in lieu of all the RA, RA, Rahhhh permeating this thread, it would be nice if some of the people that have done so much due dili, would present a future "earning model" in the case that a Texaco deal comes through and of course for the unthinkable eventuality that none comes through. The price of the stock currently reflects the same dreams that were around here last year or so, except that those dreams have to divided over more shares. What is the size of that dream? What will RNTK get, a million bucks in licensing fee? $10 MM, what kind of Royalties? 5% per plant? How many plants will Texaco build over the next three years? 5 maybe? Of course, with such delays, one never know if any of it will come through, but at least, you can try and assess what it is that you get and how you will have to share it with the money lenders (the floorless).
A little exercise which is more useful than damning doubters and "wishing them what they "deserve". Your attitude reminds me of a poster on the IPMCF thread last year, not particularly thrilled with an analysis I presented that indicated the stock is headed for a perilous decline (it is now in CH 11), he offered as a rational response to a rational argument, a "nuce". It might have been funny, but all those that followed that advice, and quite certain of the genius of a bright person capable of offering a nuce to someone less than enthused about his "beloved" company, followed by doubling down every time the stock went down by 50%, first double at $4, then at $2 then at $1 then at $.5 then at $.25 and some continued to double down to pennies. I do not think they "deserved" that kind of thread "leadership".
Zeev |
