Rock, I almost agree with you 100%. If it wasn't for the fact that Rob had told me that the construction (including equipment) for the Toronto clinic was already completed and ready to go and that they were just waiting for staff, whom they were in the midst of training (in vancouver) I would agree that it was just a passing comment made during casual conversation.
In fact, it is my belief that when a shareholder speaks with a company - especially one that they have invested in - for information on the current state of affairs for that company, the conversation is considered formal! It's one of the few, if not the only conversation that typically plays a key role in my investment decisions. No, this is the farthest thing from casual conversation that I would expect to find in my DD!
Also, your comment about it being a "good" investment - well I guess that really depends on what ones definition of "good" is. My definition of good includes: low downside risk, stock is at or near a bottom, company has good fundamentals, good product or service, good management team, good marketing ability, good IR, and good follow through.
I don't consider MDRE to be a good investment for me. I consider it to be high risk. I never used to, but my opinion on marketing ability, management, IR, and follow through, has since changed. Obviously your definition of a "good" investment is different than my own, and that's okay.
I still own 50,000 shares of MDRE because, as Marcos already pointed out, a short stint at promotion is probably in the near future (30 to 90 days is my guess) and the stock will most likely benefit from it, and so will I. I just don't feel safe keeping them as the largest holding in my portfolio.
All the best
Marty |
