The problem with Nanosys and other private companies...
You never hear the problems because they don't have to report on financials publicly.
You never hear how their cash flow is,
Whether they are making payroll,
If they are for sale,
If key executives are leaving the company,
If key executives are selling stock,
What their VC partners are demanding they change,
If their VC are pouring more money in to patch leaks in the roof,
Who they are doing business with (they are selective in announcing that)
What their costs are in relation to sales,
If they are close to bankruptcy.
So there is no way to truly know how they are doing.
Their saying they have topped XX million in sales is meaningless
without all the numbers, because it is easy to move numbers around
to say anything you want.
You're buying a a pig in a poke:
1. something that is bought or accepted without knowing its value or seeing it first.
'The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.'
