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Re: Bubae post# 44399

Friday, 10/14/2022 3:02:25 PM

Friday, October 14, 2022 3:02:25 PM

Post# of 50132
'They had a bit more than $2 millions in revenue for the first 6 months of the year' ...

Once again you look at the past and conclude from that, blindly assuming that past will repeat itself forever.

I personally could also use the past to project ahead, blindly assuming the past will just repeat itself forever ... and conclude that the company will keep growing at a rate of 22% per half:
Q3 + Q4 FY21: $ 1775 (100%)
Q1 + Q2 FY22: $ 2,161 (+ 22%)

Then second half 22 would read $2,636 and the following half $ 3,216 for a $ 5,852 revenue for the next 4 quarters.

Only one issue with both these crazy analysis: We both do not know what we talk about because Leon did not let us know why he keeps working at it and how he plans to succeed.

Sometime trying to look smart makes us look stupid.

Personally, I do not have a clue what Leon will be able to do ... or not, how successful he will be ... or not and I therefore have 2 choices:
1- Sell my shares, walk away and shut up
2- Keep my shares and wait to see what will happen.

Up to now, I see progress is being made and I wait to see how Leon will solve our issue (debt) ... or not. Till then I give him the benefit of the doubt and accept the risk I take.

Patiently,

Roger

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