Sorry not to have responded earlier.
Yes the New Year is going well so far, had a largish position in GMGC, which has really performed well recently.
ISWI on the other hand seems very shaky. It saddens me to hear their IR are soo poor, but then the folks in Little Falls, NJ have I have never found to be forthcoming or enthusiastic.
There is a new article out this evening, which confirms my fears. Essentially, as you know they have no distribution for their product, and have been forced to spend all of their money on R&D, which is a good thing, however their burn rate remains very high. To complicate things, it appears that we are in for further dillution with regards to their last financing.
I'm a bit of a novice at this, but something doesn't sit well with me, their attitude mostly. Like you, I firmly beleive in the product, and anticipate a larger entity buying the firm (technology), but am annoyed with their recent financing and dillutive aspects.
Hope to hear from you soon. |
