I tend to look more closely at
the potential rather the fundamentals [in BB stocks]
Of course. But, you still need financial information. Otherwise, for example, how would we know whether FNTN is broke and in debt, or whether their burn rate will eat up their cash in three months or twelve months, or whether they have sold ANYTHING to ANYBODY, or whether their sales are all advance payments which must be returned if they don't produce product by a given date, or how well management is managing its financial resources, or whether they have hired a bunch of new people they can't support, or etc., etc., etc. Of course you buy the potential. But whether the potential is possible depends on many things -- the concept, the ability to carry out the concept, the quality of management, the integrity of management, luck, AND what they are doing with their money, as shown by the financials.
BTW, nobody has ever explained to me why it is okay for a company have less respect for its owners (shareholders) and their right to know what their employees (management) are doing for them just because the company is traded on the BB rather than an exchange. Corporate directors are fiduciaries whether they are a $10,000 market cap company or a $100 million market cap company. Fiduciary duty is fiduciary duty, no matter how big you are or where you trade. |
