At the risk of sounding smug, it is worth noting that a lesson can be learned from our Nuko experience together. There are two essential ingredients for successful technology startups: product value and responsive management. Product value was percieved as a given by many Nuko investors, yet it was never proven. Management, as we know, was a disaster. A disaster in deceiving investors and a disaster in reacting to business and market changes.
Many Nuko defenders on this thread failed to hold management's feet to the fire. Instead of behaving like concerned shareholders, these posters turned into mouthpieces for the BS-artist that ran the company. When I announced my now-famous $.40 per share prediction in July, I got such a backlash, I had to remove my email address from my profile. The things I've been called on this thread, I've rarely seen in SI. (hcm1943, are you listening?) But that's history. And so is this company.
And on where we are today, I would be cautious about looking at this level as a buying opportunity. At least until something changes on the ingredients noted above.
Because of the de-listing, I don't know what the disposition of this thread will be in the future. But I have enjoyed the lively discussion with those that don't take my Nuko criticism personally. Van and Johnathan, thanks for the support and I'm sure we'll be seeing you on more lucrative company threads.
Happy investing,
Bill Vaughn |
