Sunday, January 31, 2010 3:49:05 AM
In my experience with seeking venture capital (having been with a small electronics company for about 10 years), the investors are very concerned about your management team. The management and their performance, credentials, and credibility are extremely important, and (especially nowadays with the banking situation as it is) since HHHI and Hoss were already established with definite statistics on how much their business enterprises and technology were worth, they must have been very very concerned about who was taking ownership, (i.e., the management team with SSEV).
I would like to give S. Humphries the benefit of the doubt and believe that he has had some failures, but that now he is on the right track. Once SSEV starts getting revenues, etc, the stock price will turn around and go up because investors realize that this enterprise has true intrinsic value.
It is my opinion that this is a fantastic buying opportunity for those who can discern the potential future SSEV has.
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