Topdog, there is some kind of an inner circle; by that I mean people that talk to Paul regularly. And you can't deny that those know way more than the rest of us... That said, he is quite accessible, so one could argue that it is just a matter of putting in the effort.
That aside, I own some shares of BZI (small position) and have been disappointed for the following reasons, unrelated to the share price:
- Unless I missed it, Paul didn't buy any shares on the open market this year,
- While he was still paying himself as of last quarter, even though the company was bleeding cash...
In the end, this is the third iteration under Paul's management - 3 years ago it was a silver exploration company, then it became an app incubator, and now an investment vehicle. All those years he received a salary - working only part time - while the company destroyed a good amount of shareholder value.
I don't deny his investment skills, and hope he can really generate value with this new iteration. But if we objectively look at his track record, as an operator, it is quite disappointing. (Don't you think?)
In the end, if Paul was looking at Brisio using the same criteria he is applying to his own investments, would he be buying?
(Unfortunately we might not like the answer: canadianinsider.com |
