Letter from TO
I tried to stay in touch with Owens from time-to-time. This is an e-mail from him last Friday. I did not think it warranted anything significant to the amateurs and children who are in a game too 'grown up' for them so I had planned to keep my Alda correspondence to myself.
This is what I sent:
TO:
I have stopped watching the forums with the large Alda followings because I am disappointed with the amateurish and unhealthy attitudes of many of the posters. I am grateful that Alda has the finances to weather the storm and I am confident that you and your team of professionals will act in our best interest.
It is unfortunate that the market turned at such a significant time for Alda, but fundamentally nothing has changed. I do not understand why people cannot understand that.
From my point of view, the ship did not come in this spring so my timeline has changed and I just have to wait a little longer. If I had made a whack of money off of Alda this spring, likely I would have lost it all in these markets that followed so maybe it was a blessing in disguise.
For myself, the secret was to play with money I could afford to be without. I am not playing with my mortgage payment or my kid's education fund. I think some people gambled and got in over their head.
By business did well this summer, I did little trading this summer other than to pick up a few more shares of APH, and I am in a good cash position. My Alda portfolio sucks, but like yourself I can wait it out.
All the best,
TO's reply:
Hi Rob.
Man oh man, what a difference from the rest of the e-mails I've been getting lately. You'd think I was personally responsible for the crash of the entire world economy and an incompetent idiot because I personally couldn't keep ALDA shares at $1.50. Thanks very much for your encouraging words. Yes, we are in a good position to ride this out and lots of work is being done here to produce the next round of newsworthy items. It takes time so this is not a way to get instant gratification. Yes, there were, delays. Yes, I underestimated the time it would take to get a DIN, SEC approval for the US listing, to get the manufacturer of their butts to actually take our money and make our stuff, etc. Yes, I wish I'd sold 100,000 shares at $1.50. Who doesn't? But, I'm her for the long run and we are buildingg our asset. This new round of testing is going to be a HUGE accomplishment because, if we are successful, we get to start human trials. Yay!
Cheers,
Terry.
AI
