I think Mike is vested in this for himself...and I personally believe this to be a very good thing. Not a bad thing IMO
Why? because Mike is personally invested in the success of this entity rather than telling shareholders what we want to hear and spending his time formulating fluff PRs.
If Mike gets a beautiful payday--we shareholders are much more likely to enjoy the same. Obviously if the market can't pay or is unwilling to pay what Mike wants we're stuck in first or 2nd gear. Mike or anyone else in this economy can only do what the economy is going to bear.
I believe Mike is trying to obtain a huge payoff and that what he has done thus far is to move toward the above. The business model seems fiscally responsible and is rather incremental which in these economic times is IMO essential. Promising ventures often fail because of lack of capital or their business model simply doesn't work or is way to loose and ambitious for the times.
No one can deny that as of today May 7th 2009 that 1.1 users hypster.com is just around the corner. This is not the case of a CEO or company with a pie-in-the-sky idea or a hopeful dream. The hypster.com model in particular works very well and is growing very nicely. Judge BUNM for what it is rather than for what it is not or has not yet become. What business stage are we now in? infancy, young age, middle age, maturity, dying?
IME we have a long life and bright future ahead.
This company has accomplished a tangible real-life feat in a very promising, relatively new industry. New leaders are and will emerge out of this current recession and I'm not betting against BUNM and related properties. In fact my position as a shareholder is a statement otherwise.
I speak as a shareholder not as a CEO and there is a difference but I'm gratified that this CEO has delivered results. The PPS is a totally separate issue.
People are sitting on PPS sidelines today but would they be tomorrow if an 80 million dollar offer was obtained with associated PR? Everyone will then be preaching the accolades of BUNM and scrambling for a position. Those who have obtained a position previously will have numerous positive options others don't.
The PPS is often more of a popularity poll than an actual indicator of real value. If nothing else PPS = opinion of market about what we think it's worth.
Investors 'vote' by buying, selling or standing on sidelines and some complain about virtually everything. Sometimes even about not buying soon enough when great news is imminent lol
AI
