Thank you Scooter,
Many of the longs here are a bit nervous, as they should be, about a speculative start-up company. We, as educated, successful people have been conditioned to stay away from anything that "seems too good to be true". We hear it over and over...yet we are here investing in RSPG, a risky start-up company.
Here are some general thoughts to consider in a start-up.
1. Find a company in a growth industry...check
2. Find a management team that includes "successful people" past successes demonstrates innovative, focused thinking...check
3. Find a company with a business plan that makes sense...double check.
4. Get in early and ride out the bumps...because there will be some. (I'm sure that a few of the LOI's will not materialize, however, many more new ones will replace them)
5. Be patient, you will not hit a 10 bagger without Wall Street finding the "gem"...and that takes time.
6. As much as I dislike Jim Cramer, I agree with his thoughts on spec plays....buy 3, 2 will go to 0 and the third will go to 40.
7. Do not get greedy...invest a comfortable amount...loading up on spec plays tends to "force" you into irrational selling decisions, generally after a retracement.
8. Let management manage.....all this talk about constantly calling company executives troubles me a bit....It seems that many longs here want to see tangible proof that this company is real. I am satisfied that the people involved have demonstrated above anything else, that they can "fund" projects. (Read the Bios). This is great comfort to me that in times of need, the right phone calls will be made...just patiently wait for the press releases.
9. Lock up the shares that you own. Put them on a shelf. With a decreasing active float you can pressure the shorts into HELPING you reach your goal.
10. Have fun !! Getting into a successful start-up company early is very exciting. I picked up a few hundred shares of Broadvision years ago at $6 and rode the train to $67 post split.
It's good to make a good decision and stick with it.
