Thursday, April 16, 2015 11:32:29 AM
The past is the past comment is fairly straight forward. If Duffield promised $30!million and hasn't delivered its pretty simple. Either you let it go, hold the stock and plan a time frame in which you want to derive your returns or you exit. I think everyone is well aware of promises made which have not been adhered to.
I fail to understand the emotional negativity given the fact that we all know what was promised and not delivered. If you feel that someone used inaccurate information to raise funds, exit. Nobodies holding a gun to your head saying hold stock even though it's not in your investment horizon and you don't trust the management.
But some people, perhaps more knowledgable, having visited the factory a few times, having done research on the extraction process, maybe even visited the university for workshops on the testing may feel differently.
Im not trying to argue, just countering your argument by saying I'm fully behind this company because I feel their product is superior and I'm willing to trust the process regardless of broken promises regarding revenue and production because despite delays the project continues.
The main thing for people to understand is timeframes. I'd say, to clarify ,that this is a five year start up and that if you understand that you'll be more accepting of delays. I also wish I knew timeframes exactly on every stock in hindsight but so does everybody else.
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