Fred, in the last month I have owned that stock twice already, what exactly are you talking about, and what does my ownership or lack thereof have to do with financial analysis of this situation. You are still to address the numbers with numbers rather then faith that at the last moment a White Knight appears (I am sure Bruce knows what I mean by a "White Knight", he paid dearly waiting for one). Time to learn from history, I am not saying that VLNC does not have potential, I say that passing a veil of misinformation ($10MM to $20 MM in cash appearing from nowhere), over people's eyes is wrong. People should invest in this stock knowing the upside (a ground floor position in an exploding market) and the down side (questions about financial survival before they reach the promised land). That what investment is about, assessing risk and rewards of a situation.
I have seen too many situation where people bet 50% to 100% of their savings in one "foolproof" situation because the bulls paint a flawless picture, a sure win, a $100 stock etc. If they read only your soothing prayers, and the $100/share carrot dangling before their eyes, that is surely what will happen to quite some of them.
The next thing I will see on this thread is the "battle Cry of CL from IMCPF: "If you are not long, you are wrong", he kept saying that from $14/share until it finally became evident that company is going broke (which it is now).
Zeev |
