To: PartyTime who wrote (4123 ) 3/18/1998 12:59:00 PM From: BlackStar Read Replies (1) | Respond to of 18444
Who, in their right mind, would pull the plug on a stock that is performing well and one that can become positioned as a technological leader in what's an infant online advertising field? The same person that sees he can make a 'safe' 200% ROI right now as opposed to maybe a possibly bigger ROI later. A VC is not a gambler. Investors in NETZ are gamblers.I think, if anything, Hayton has his mind on those advertising dollars, not trying to screw you. I never said that Hayton or any other VC is conciously trying to screw the investors. They are trying to maximize their return in as short a time span as possible. Usually that results in the little guys getting bruised. It is more of a side effect.I've never ever thought that because someone failed once, that they couldn't succeed in the future. Yet you have him signed, sealed and delivered to everyone's detriment. I'll give anyone the benefit of a doubt. But Hayton has been doing the same thing over and over and over... After a while one has to say enough. It's like fool me once, shame on you; fool me twice, shame on me. Also if a person makes a mistake I'll usually say: - "Ok, try again". If someone tries to hurt me I usually fight back. It's about intentions here, and Hayton has displayed ill intentions more than once.Please do a comparative of the former companies he was involved with? What was its executive staff like? Who was allied with his company? What were the regulatory difficulties inherent for that industry? Did he have his venture capital act together then, or was he--like many of us--learning? One thing is certain. Hayton is no dummy. He is doing what he is best at. In general and as far as I can see from the traces left Hayton has an MO of showing up with deals and money. He gets tight or gets inside the company. He slowly bleeds funds. When things start to get dicey he splits.Look, just 'cause you're playing hopscotch and you miss a block, doesn't mean you can't throw the rock down and try again. Does it? I think that your view of Hayton as a 'failed once but still stand up kinda guy' vs my 'callous VC' is the reason for most of our argument. Make no mistake: I am not attacking you or trying to make you or anyone else see it my way. Only you can do that yourself. My concern with playing NETZ as a long is that if the money leaves NETZ falls apart. Thus - NETZ is daytrader fodder for me. Don't get me wrong. I love the concept of marrying new tech wit a big sales force working the wild west frontier of internet. There is gold in them thare hills. I like the pieces that NETZ consists of but not the glue that holds them together.