P10 Industries Inc. (PX)

[value1008]

Bob, back in the March 31 shareholder letter, the two CEOs stated that this would be a longterm play for investors. And the investing thesis here is that once PIOE moves into profitability on adjusted earnings it should presumably just grow and grow with ever-increasing AUM.

As i pointed out in a previous post somewhere, the AUM growth may not be a straight upward line if, for example, they close out an RCP 2 Fund and then don't fairly quickly (within 3-6 months) create a new installment of that Fund. Or mgmt fees could temporarily shrink if underlying Fund assets were deemed to have decreased in value due to a national economic recession.

But over time that AUM should keep on growing, all things considered.

That's the play here.