OT--ENER
Wily,
Thanks for bringing me up to date on SOv. It is true that I stopped following them sometime in the mid-80s, after I took my loss. I will never forget it, though. I don't think I exaggerate how much money they have burned through. Back then, one of the reasons I bought a few shares of their stock (one of the very first companies that I bought into) was that they had so many blue chip energy companies throwing R&D dollars at them. It seemed like a never-ending stream. I vividly recall the broker enumerating them, in his very excited voice, and urging me to just buy a few shares and forget about them, put them in a drawer and let them bubble, along with Shell, Mobil, and the others (I do forget all of the specific companies, I recall vividly the tone, though).
Anyway, my skepticism about the company remains boundless, though it's true, it isn't based on events of the 90s.
Sam |
