Brent, I agree with all your points, but lets not overlook the sale of the raw thermoplastic materials as well.
I also agree that this is a high risk investment. All the initial reasons why I bought QDRX are still valid, and those are product and potential. I did NOT buy QDRX based on the in-place management. I evaluated this investment strictly on the product/potential scale. If I want to invest in management I would buy Berkshire Hathaway (again :)
I know that many are getting very disappointed with their investment in QDRX, and I do empathize. I am not disappointed at the price, but rather at the length of time it is taking to reach objectives. I do not know what criteria everyone else used to make this investment decision, but they continue to meet mine, and I will continue to hold my shares until either the product or potential no longer exists. Oh, the product I based my decision on was always the golf shaft. I felt no remorse at the loss of the tennis racket, and feel that the wheels, raw material, and hockey and lacrosse sticks are just a bonus to my original decision.
FWIW
Steve |
