Bruce, if you did not drag me into this one screaming and kicking, I would not have given it a second look. I like visionaries, and Foote is one if I ever saw one. But, I have seen visionaries fall so often, that I am very cautious on this one. The turnips do not have enough history to determine a stance, so I will walk the plank without them. I am going to try and see if and when this decline stops (I doubt that $.76 of last Friday was the bottom, I am more inclined to see another drop of 50% from current prices, IMHO), I may jump in in advance of the pump phase induced by the May 27 announcement. Then, I'll have to look at it in more details again. It is very different than CTYS, mind you (no floorless), but these may come in later when they really need cash. Right now, it is closer to GPGI, a lot of promises, very few deliverable.
Zeev |
