Wednesday, October 11, 2017 10:26:14 AM
Roughly 2 or 3 weeks ago our CEO together with Hayden IR were making "pitches" on the company to a very targeted/selected group of potential investors. My understanding is these were mostly one-on-one pitches with our CEO doing the bulk of the "sell"
What puzzles me is.....Why aren't at least some of these potential investors buying the stock?
Supposedly, many of these investors were from extremely wealthy families (tens of millions in net worth). Why wouldn't they walk out of that sort of pitch and immediately (within a day or two) buy $50,000 or $100,000 worth of stock?
During the shareholder meeting, Bob specifically used the term "open market buy" with respect to how these investors were being encouraged to buy.
Either the pitch isn't working or Hayden is dredging up the wrong sort of investor or something else is goofy. The Hayden guy told me to have patience that it sometimes will take 2 or 3 months for these sort of people to buy. I told him "bs". We disagreed.
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