This rush to IPO business looks like the story about the old bull and the young bull.
The young bull comes up to the old bull and says, see all those cows over there across the fence? I'm gonna jump me that fence and get me one!
The old bull responds, OK, but if you wait a bit, the rancher over there comes along and opens the gate and you can do all of them.
With a deep pocket parther taking a 10% position in AXC at say tripple the market price, we get an immediate boost in the currency of the company for making acquisitions plus working capital to expand the capabilities of those we own already. A couple of years down the line we have a half dozen IPO possibilities with proven track records that go for much larger Initial Prices thus benefiting the companies themselves as opposed to the rollover artists.
If you have any belief in the direction and impact of the technology, you will see that this market is not going to go away any time soon.
I just spent the last couple of days weed-wacking the yard (that's the yard, jill). Even with this crude instrument, I always spared the Poppies and other valuable plants.
Finally, my money would be on this angle because it is the conservative angle, and that, I believe, is Bramson's style.
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