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Re: Ferda post# 47670

Thursday, 05/24/2018 9:40:00 PM

Thursday, May 24, 2018 9:40:00 PM

Post# of 112647
I understand your point. If it makes you feel any better in order to get into the IT Security Software business it takes deep pockets. If you look how much it costs just for development of software it's not unusual to see companies needing 10's of millions of dollars just to stay afloat. Then the big competitors try and squash you because they have huge pockets and spend it freely. The marketing budgets by these big companies is insane. Many times I get invitation to view a new software or hardware product. They spend $200.00 - $300.00 on each guest they invite and they invite 100's of IT guests. However, the return and reward in this industry could be incredible as we all already know. We can quickly be looking at billions over a short amount of time (years of course). So I have to say that 3.5 million is not bad at all. He's definitely not living high on the hog using that kind of money to build his business. I know that I feel lucky that he needed our money or we wouldn't be holding LDSR shares right now and he would have privately started this own company, quickly and easily.
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