|
Mr. Worst Scenario, Esquire, mouthpiece, ambulance chaser, shyster lawyer etc. agrees with King Richard on his conservative current value of 9 million. That however doesn't necessarily mean that cist will double, triple or be cut in half. There are other companies who had or have an amount in cash equal to their market cap. (Procyte comes to my mind.) The issue is the value of their science and the quality of their management. If the science and or management is poor the cash hoard will soon be dissipated. I bought cist because it was cheap in relationship to the assumed recovery and I have great respect for Richard Harmon's scientific knowledge. I am somewhat conernced about the major stokholder of cist who though having a medical background, was a real estate developer before taking a large postion in cist. Somewhat offsetting this concern was cist's relationship to other very respected scientists and to MIT, Tufts and Wellesley. Another downside is the substantial spread and costs and buying and selling. Taking everything into account, it seemed to me like a reasonable investment that would partially satisfy my old passion to gamble. This old gambler is patient, I'm not looking to double in two months or quintuple in a year. I recognize the distinct possibility that I could loose the majority of the investment, but that's part and parcel of the game. Like poker, one shouldn't play unless one can easily deal with any losses. Remember, win or loose, its only money. During this spiritual season let's count our blessings, call and old friend, hug and kiss our loved ones, and generally focus on the beauty of life.
Merry Christmas to one and to all.
Bob Cohen |
