The Bull, are you familiar with William B. Smith and SAM Advisors and their investment in Vu1? You might already know all of this, but William Smith is one of those Wall Street investment big shots. He's the founder and CEO of SAM Advisors and Smith Asset Management. At the beginning of last year Smith bought a 5.07% stake in Vu1. They increased that stake to 9.82% in September and just upped the ante a few days ago by increasing their stake further to 11.32%.
William Smith is no fool with his money and it's clear that as time progresses his confidence in Vu1 has only increased. It's always nice when someone smarter than me invests in a company I hold shares in. Point being, Mr. Smith believes that he will be paid handsomely for his patience and we'll will be as well.
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