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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU)
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To: paunch13 who wrote (5085)12/31/2001 2:35:26 PM
From: Karl Zetmeir  Read Replies (1) of 5143
 
Speaking from first hand experience ... R&D is darn difficult in itself. It's 10X as difficult when you have a cadre of naysayers and doomsday prophets ... not to mention government bureaucrats with their "expert" opinions.

I'm working on a technology that has billion dollar upside ... if it works as expected. In spite of the fact numerous world class physicists, chemists and scientists have given a thumbs up to the hypotheses ... investors, venture caps and others want to chant "No one has ever thought of this before ... it must be snakeoil!" LOL

Maybe they should have heeded the advice of the US Commissioner of Patents in 1890 who recommended closure of the patent office as "Everything useful that could be patented has already been invented!"

My friends ... there are no guarantees and no time tables when you invest in R&D stocks. You're placing your faith and trust in the principals' technical expertise and business acumen. More often than not ... you lose. It's incredibly difficult to keep all the balls in the air ... successful companies are elite as 90+% of companies do not meet expectations.

So what do shareholders get with XTCI? You get the right to ride along on the remote possibility that XTCI, regardless of who management is ... will have the wisdom, management skills and technical expertise to realize their vision.

And that vision may be huge ... it may reward us for the frustrations we've experienced.

This has been a difficult year for everyone ... 2002 should see a return of consumer confidence, the bureaucratic money off XTCI's back ... and a more open management style vis a vis keeping investors and potential investors current.

Happy New Year everyone!
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