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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?


To: SecularBull who wrote (2076)9/11/2000 4:18:01 PM
From: pat mudge  Read Replies (1) | Respond to of 2484
 
So in order for companies to be successful in the early stages, they must have a (pro forma) profit, and more than one customer?

No, but it gives them a head-start and doesn't put so much burden on the equity market to finance the early phase of a company's life. If I'm going to invest at a stage where the risk-reward ratio is not in my favor, I expect to pay in cents, not dollars.

Latest insider selling:
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Pat