>So it's a spec play and they have the rewards/losses.
Okay, let's just say it is a spec play. Personally, I do invest in spec plays, but I look to buy into companies with a market cap of somewhere between $1-$10 million, where insiders have strong track records of building successful companies, and where the particular technology has good possibilities. With NCDR at its current price, and aside from the less than stellar track record of certain individuals involved, you are already paying for significant success (market cap $250 Million). So, tell me, where is the upside? |