Phil
You hit one nail right on the head as far as my investment in VRIO is concerned. I have to acknowledge that one major factor for me is, as you say:
<<That said, they talk the talk and have outstanding backing on the Street. Sometimes that's all it takes.>>
I may be over-reacting to watching EGGS try to struggle along without the support of the Street. But when VRIO was charged with buying too much and paying too much, all they did was buy more, faster. They were said to not have mastered the technology to put all of their purchases together in a coherent fashion, and then they bought the technology. Yes, they are moving fast and somewhat sloppy, which makes me think they have some leeway, ie they are acting with unusual confidence which seems to suggest they are acting with someone behind them. And they seem to be making good moves and I am inclined to think they have a vision and know what they are doing as well as that they can afford to be somewhat sloppy because they do have someone behind them. If not, it won't be a good story, but it looks good to me so far. Besides a strong presence in the US, they have a presence (to what extent is another good question) in 170 countries, and the rest of the world, for the most part, of course, still awaits internet development, and offers vast potential.
In addition the NSOL monopoly on Domain Name registration ends in 2 years.
Larry |
