Roger,
I haven't looked at PSQL as yet. HEPH has no intellectual property worth anything, let alone $14 a share. What worries me about the company is that, just as there are all kinds of people that will buy a nutritional supplement based on a flyer they receive through the mail, I believe there is a market for stock like this among people who will accept any wild claim made for the company's product. At its present price it should be a good short, but who knows.
Another example to consider is ALTIF. Incorporated 24 years ago, the company admits that in the ensuing 24 years it has not once reported a profit. Now, as best I can understand, it has a centrifuge for separating fools from their money...no, sorry, precious metals from rock based on differences in density. Never mind that most loose deposits of elemental precious metals have long since been exploited. Never mind that today most of these metals are present in such low concentrations that the yield from small batches, as implied by the concept of centrifugation, would be infinitesimally small. It ought to be an automatic, profitable short, but there are still buyers for this company's stock. Where do these people come from? They are the bane of the shorter's existence. |
