Boy, that was a very power packed testimony, and well stated. I believe
most flippers,swing traders, and penny players are very impatient by
nature- They, and to a lesser extent we, need instant gratification
(in stock price appreciation).
I remember when a year was the norm to even consider to sell or
trade out of a stock,(now its minutes).
I know I am like that-as by nature I am a swing trader and dont
hold often. Ironically, with this one Ive done both-just to build up
a bigger pile.
Now im holding- since January.Its been a long-hard 7.5 months.
In the life of venkat and his business-its a short time. Im certain
he is working nonstop and the days are ripping by.
But, at some point he has to jump into the water. Like a child that is afraid
to swim-you cant stand there day after day at the edge and keep
walking away. At some point, one has to muster the courage to take the
plunge. I think Venkat is afraid of inflation-tied to lending money-and
to the market.
But at some point you have to dive it head first into the water. If
not your peers/competition will. They will learn to swim and then
beat you to the other side-getting the product fda approvals ,revenues ,
and carve out market share.
So, I can wait-cause I have to. But as they say at some point you
got to take a leap of faith-or you get left behind. hundreds of bios
that will go public this calendar year. they will fight the murky waters
for stock-that if they keep getting paid in stock incentives-by the time
they grow the company, get bought out, retire-they cash
out millionaires.
as the saying goes-scarred money never makes money- if your
product is that good-Nothing else should matter
But-let me underscore Venkat knows his inner workings
of his company, unlike us. So, he probably has his reasons
for being cautious.If its to protect us and the company
im all for it. then we need to be more patient. Time will tell.
jmho
ts
