Rog, can't fault you for that.
<<After all, I am trying to make money. Aren't you?>>
Ubetcha. It goes up, I win. Goes down, you win and I may sell or buy more. As I've said elsewhere, these guys aren't perfect. And I woulda done some stuff different. Ditto, for 57 and a half other companies. You could probably fill a stadium with people who think Bezos has his head up his ass. (Everyone's a QB, eh?) On XYBR's side, they got IP, rulebreaker potential and deep pocketed players sniffing their privates. Working against em, long-term cash-flow-induced stamina worries, inventory, "longs" who watch boards like grannie daytraders and momo that caught some folks by surprise, blipping the radar too soon.
Your statement about discounts and how shares trade hands struck me as disingenous and imbalanced, and designed to discourage or anger those who don't know better. You quoted the max recent price, not the MAs or auditors valuation when the deal was inked. And, given the realities of how business gets done, i.e.: a means to an end: my example of how WCOM blue-skyed, swapped, and indebted the way to its current position with heavy discounts and inevitable dilution.
This happens every day in almost any emerging industry or start-up business. I wish my outfit's executive management meetings were an orgy of cash and charity, but it just ain't so. And we've got it easy. Our product has proven utility, we're doing great, growing too fast and turning down business.
Sorry, but I wind up into scorched earth mode when any one side expresses absolute certitude about the future prospects of their position when I perceive it's merely their margin exposure or dreams of a desert island by labor day doing the talking. It's going to the moon! It's going in the dumper! Who the hell knows? I hedge my bets, diversify and try to straddle pro and con as much as possible. Keeps my brain honest and avoids blind tackles sometimes.
I'm here to learn. Please, correct me when I'm wrong. But I'll jump on anyone who tries to bullsh!t, glower, shout or shame me into insecurity as quick as I would bash a goofy sis-boom-bah investor who thinks a 10K is a charity run.
Excuse the rambling.
Best of luck, look forward to your posts.
Mark |
