Hello Bosco. Your humility is always refreshing! I enjoy your thoughts whenever I get the chance. Thank you. I enjoy your dialogue due to your honesty.
I think there are two concerns at the present time:
1) Institutions will continue to unload to lock in capital losses -- and will continue to do so through 10/31/2000.
2) The key issue, in my opinion, is nobody can place a dollar amount on what possible venture losses CDO may incur. With this telecom/IPO/everything slowdown, all bets are off. If csco/nt are not immune from a potential slowdown, then neither are CDOV's investments. CDO is leveraged to the hilt, and who knows what losses may be looming?
My concerns still remain:
1) I trust management. But I don't have confidence in them. Rich kid inherits job. That doesn't pay the bills for me. (I know many do have confidence in managment, so this is just my opinion.)
2) I still don't know what the business plan is for CDO.
3) Management doesn't communicate to investors. Remember the promises about a Prism IPO, a CDOV IPO, etc., etc.? We, the shareholders, don't find out about the demise until way after the fact. We were told the CDOV IPO would happen in 9/2000. Why not communicate if it's postponed, delayed, cancelled, or whatever?
4) I am not positive the company will be around in 1 year. They have too much financial exposure at the present time. Look what happened to the company after the Prism fiasco. Imagine 20-100 other situations in their pre-IPO stable of companies. The writeoffs, the losses, the possible credit downgrades. All I am asking for is for management to communicate in real time.
Just my opinion,
Good luck to all. |
