I am long and have been for a long, long time. I certainly share the impatience and frustration, believe me. But reading about the “200 more investors since last year” cited by Dread got me thinking. Here is a thought experiment.
Imagine you are one of those investors. You did thorough due diligence and you learned all that has happened and that the rest of us have lived through, but you decide to get in. You decide because of all the positive developments that have developed last year and because you are impressed at how far the company has come in a hostile environment. So seeing warts and all you buy a significant position, for you at least. I ask myself what effect a lackluster shareholders meeting would have on that decision of that investor.
Good decision analysis is always forward-looking. It is sometimes hard for us to see in our own situations but the past is largely irrelevant to rational decisions. All that matters is what we think will happen next. All the time and missed opportunity costs are “sunk costs.” They are there whether we stick with Torvec or decide not to, and so they cancel out when we weigh our options on the decision-scales.
So, removing the impatience and upset over the sunk costs, and looking only at what you think will–or is all likelihood should--happen next, what do you do? And for a new investor, would the first annual shareholders meeting for them be the trigger as to timing?
I do not presume to say what anyone here should do. Maybe the lack of a deal over time tells you that management cannot do it in the future. If so, you have called what you think will happen next (nothing) and you should probably think about exiting. All I want to point out is that my newcomer would probably not make that call, and would not do so because he has none of the sunk costs the rest of us have weighing on us. IMO.
By the way, does anyone remember seeing a release of some kind where a Lockheed guy raves about Torvec’s technology, and if so, can you tell where to find it?
AI
