AI
| Followers | 39 |
| Posts | 2870 |
| Boards Moderated | 0 |
| Alias Born | 12/06/2003 |
Monday, May 14, 2018 7:02:26 AM
Stock62,
I bought an early round Private equity 14 years ago by the name of Bloom Energy and over $1B in private equity rounds later they still haven't completed their IPO. They have been featured on 60 minutes and Former Secretary of state and 4 star General Colin Powel has been on the board for years now and the IPO is back on the table for next month. We will see...
I appreciate this tale of woe particularly because I absolutely refused to buy an enchanting $2 stock that was then one of yesteryear's penny dreadfuls because ex-President Ford was a primary member of the group doing the IPO of a biotech.
President Ford's sole contributions to medicine consisted of the swine flu vaccine that maimed and killed [actually a courageous decision but not in keeping with my point
] and deciding for his wife to have a breast chopped off when there were better and more attractive options.
The biotech pioneered timed-release pills, made a fortune and made me despise President Ford even more for preventing me from buying it.
I take a bit of an exception to your example, Stock62. LWLG remains a "penny dreadful," a "junk" stock, "bush meat," whatever grabs you for an epithet to Wall Street and will for a while yet as the sort of folk who fall down open manholes because they are short-sighted dream of Mr. Big buying instead of seeing a giant being born.
Maybe LWLG will be lost to the vultures but that's a worry beyond our control and safely in Lebby's hands IMO.
Best, Terry
I bought an early round Private equity 14 years ago by the name of Bloom Energy and over $1B in private equity rounds later they still haven't completed their IPO. They have been featured on 60 minutes and Former Secretary of state and 4 star General Colin Powel has been on the board for years now and the IPO is back on the table for next month. We will see...
I appreciate this tale of woe particularly because I absolutely refused to buy an enchanting $2 stock that was then one of yesteryear's penny dreadfuls because ex-President Ford was a primary member of the group doing the IPO of a biotech.
President Ford's sole contributions to medicine consisted of the swine flu vaccine that maimed and killed [actually a courageous decision but not in keeping with my point
] and deciding for his wife to have a breast chopped off when there were better and more attractive options. The biotech pioneered timed-release pills, made a fortune and made me despise President Ford even more for preventing me from buying it.
I take a bit of an exception to your example, Stock62. LWLG remains a "penny dreadful," a "junk" stock, "bush meat," whatever grabs you for an epithet to Wall Street and will for a while yet as the sort of folk who fall down open manholes because they are short-sighted dream of Mr. Big buying instead of seeing a giant being born.
Maybe LWLG will be lost to the vultures but that's a worry beyond our control and safely in Lebby's hands IMO.
Best, Terry
