Oh my....Newbee....there it is again...
*deep breath...then another*
All right, I guess I am just going to have to get used to it. And, well, you spelled it in kind of a cool way, too. All right, Dadio, I give.
To comment on some items in your post:
I do agree that putting faith in the Gleasman's having never met them would go on the con side of any investment worksheet. However, I would also be putting that in the pro side as well - not the never having met them part, but who they seem to be and where they are from. I have watched these guys as they took a path that most "startups" do not do - no pink sheet crap and BS PRs - just tangible high tech engineering and quiet, steady development which indicates to me that there is a high probability of ethical business practices. I also know that Rochester is a town FULL of smart people - so many Kodakers and X-roxers have left and started companies of their own. The U of R - RIT - Harris - Gleason Works - all those cutting edge businesses in Victor and Bushnells Basin - need I go on?
My expectations are high, but with any investment I know the risk is there - sometimes my expectations are not met, as that is what life can bring. I don't invest a penny if I can't afford to lose it. So to answer your questions about what might happen if we don't "land a big fish" I can say only that I would hope, based on all the other aspects of the company that are visible, that the Gleasman's have at least one contingency plan - if not more than one. And don't forget, they have multiple patents in varying arenas. And a high percentage of inside holding...and very low debt...
However, there is an absolute worst case scenario for this, or any company, which can include the lack of a big fish, the lack of any contingency plan, some bad luck and a plate full of patents that you can't produce and nobody wants. In that case we all pay our transaction fees and go home.
Not likely, though. As I stare at my fictitious investment sheet, I see the pro column going on to the other side of the page and the con column containing only a few items. Time is never on my side, but I am willing to wait for quality to emerge the victor.
The engineering is complicated, and I for one sometimes get a bit confused when thinking about hydraulic pumps and tiny little gears and differentials joints and infinitely variable anything. Heck - I stopped understanding calculus when they started talking about dividing something infinitely and then adding all together or something. The word imaginary came into play and I failed the class. Three times until I passed...
I am not worried about the lack of visible progress. This "quiet period" can last as long as it needs to. No part of a quality business exchange happens in a heartbeat. Unexpected hurdles pop up from time to time. Redirections need to happen - adjustments get made. All this takes time. Aesop said it - "slow and steady wins the race".
Anyway, I guess I am not alone in my Newbeeness now, so I would think we could soon at least attempt to wander outside the grounds of Tor Acres. You know, kind of lurk about in the shadows. I know Leitrim will call the cops, but I can run - can you?
-Neb
AI
