Thursday, March 10, 2022 12:19:57 PM
Then, one has to take in consideration not 100% of these pet owners are going to even know their animal has diabetes, let alone treat them for it. Not to mention that many of the dogs and cats in this country are strays. ALRT will be lucky to capture 10% of this 0.5M population, even if they had 100% market share.
All of this is besides the point and you nailed it on the head. It's about the hype with these OTC's and I question the money being spent these past 5 years as well. LOS asks why we hang in there and haven't divested ourselves of our shares yet if we lack confidence in the company? He knows the answer to that. First of all, the trade volume is non-existent and trying to dump a 1/4 mil, 1/2 a mil, or millions of shares only drives the PPS way down and begs the investor to take a significant hit. Then, there's that "hope" that someday Chan & Co. will make "the deal" and we'll be able to recoup our investments or make a reasonable profit for hanging onto a speculative company this long.
I've bought into the cheer-leading on these OTC's too often. And ALRT is the last one for me. For everyone of these speculative companies that hit, 1,000 of them fail. And all the hype and cheer-leading in the world doesn't change that fact.
“Wo ein Wille ist, da ist auch ein Weg”
- Albert Einstein, Tokyo, 1922
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