Ken - well said.
I should also point out that I was not a part of any PP and am merely a small time mug buying on dips in the open market. But if a bunch of PPs want to sell at the moment, and the bid and ask keep dancing down as a result, so be it. My DD is done with this one, and I like their business model. I'm happy to average down at this stage as the e-commerce side of the venture is but a short time away. Assuming that the company goes forward with their plans, and they show every sign of doing so, this is one to load up on with a *modest* investment and walk away for a good period of time. Let them establish themselves, let the revenues begin to materialize, memberships grow, and public purchases click in, and we'll be bitching about it being down to $39, not .39...:) The only thing that really concerns me at this stage is WMT's expressed intention to dominate the internet retail market. RDIM has been very responsive to investors of late. Investment clubs always have members who plug their stocks, and Jeff never hid his substantial stake here. Nor was his information wrong or unhelpful. Sure, knock the guy for potentially making a buck. Gee, I wonder why we have our money here...! I have no earthly reason to defend Jeff, beyond the simple fact that this thread in InvestRight just doesn't seem to have much to do with the central issue, which is RDIM, their business model, and they/our future prospects. Right now we're in the twilight period before leaving development hell, and all sorts of things occur. Relax, sit back, and watch your AOL and EGRP for the next month..*G* After that, we'll have one heck of a ride in store.
Best of luck to all.
NeuroDude |
