Even after an acquisition, everyone is still talking about the failures of Wildred Shaw... I don't know anyone on this forum but let me give some perspective to mainly Ned's comments because he seems to be the one who has something personnel about Wilfred Shaw (one comment, I have been involved on other forums where people have personnel hates against the president of the company, it really detracts from the thread)....
I am involved in an investment fund that takes equity positions in start-up companies... and I don't mean Venture Capital (like when there has been revenues for years and the money is tied to a secure exit) but I am talking about investmets in high risk early startups (like 95% of all companies that are listed on the OTCBB Nasdaq board like CMOZ)... if you read numerous books on Developing New Products (like Dr. Robert Cooper's and a dozen others) you will find all agree on these statistics, only 10 ideas out of 100 make it through the first stage of analysis, and only 3-4 of the 10 remaining become successful investments... with one hopefully becoming a home-run hit... that one usually pays for all the ones that loose and also turn a nice profit... so...
I am of the impression that Wilfred Shaw isn't unlike most entrepreneurs who try to start a business... he has failed at a few but the difficult part here is that because he is a publically traded company, the exposure to failure is greater... but the failure is the same, either public traded or not... I started three business in my time, 2 were marginally successful and one was a failure...
After reading the press release, my legal opinion is CMOZ does not have to put forth any financial statements from InvestorsGURU's business until which time they have to report publically... it was stated that GURU's site has been operating for 3 years and profitably... that is good enough for me at this point... at least this site is up and running with profits, banner adds, book stores, and most importantly, a major database of E-mails (this is what the game is all about - database mining is worth millions in this game - advertising, marketing, etc...)
The comment that anyone on these threads is in here for some financial reason is 100% correct... just think about it... who would care unless you were gambling... I am here for that... I have reviewed the potential of this play and bought shares and funny, but I now want the price of the stock to go up...
Why did I invest....? 1) the technical action last week suggested something was happening (initially worth the speculative risk), 2) yesterday's press release confirms the reality of the play, and 3) this is the hottest industry in North America and that is where you buy stock, not in the oil industry or mining industry, that would be a foolish move... 4) the consolidation that has occurred in the $0.40 range has been extrememly encouraging... 5) investors moving from large E-commerce plays have made so much money they will be looking for undervalued similar plays (CMOZ appears like a good one), 6) there is 100 Billion $ in the US looking to invest in these types of plays - I know this for certain - I have seen statistics (rumours are that two if not three very large investment funds are knocking at the door of CMOZ to make investments)... 7) I have even heard that a major promotion (TV) may be in the works... and 8) sounds like further acquisitions are being worked on.... so, my conclusion is, better to be on a train leaving the station than getting on one without wheels... the hype is good, the technicals are good... next week should be very interesting... |
