Sunday, July 14, 2019 3:03:43 PM
What I think is that I'm not done buying if the price continues to drop with nothing material from the company. DMAN will not succeed or fail based on what MM's, flippers or nervous investors are doing today to the share price.
I go days at a time without looking at the share price or my account totals in DMAN. The proposition is this...I dropped some cash on a development stage company. This will take an undetermined amount of time to come to fruition. It may or may not pan out, but leadership has an impressive track record and the new venture is a mirror image of that old success. I like the odds.
What's DMAN worth today? Based on their revenue, nothing. But they're not yet a revenue-generating company. When that day comes we can assign a value. Today we are speculating on potential. I once heard a wise man say, of people who nervously watch stock prices day after day, "They know the price of everything and the value of nothing." The share price is nominal, anyone can look it up and tell you what it is, but alone it has no meaning. Placing a value on a company requires some skill and many data points to get you in the ballpark. When the data becomes available, we'll have great discussions about what the company is worth and what kind of premium we should pay for the growth potential.
How about you, where do you stand on DMAN today?
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