Thursday, July 01, 2010 1:49:58 PM
a bit more specific and said that NO ONE has... or has seen... financials that reflect the ONCO that Dr. Walker envisions that is worth $ 0.80/share.
That ONCO will be the result of Dr. Walker delivering more deals like the ones recently PRd that are very exciting and show that he has, indeed, been hard at work developing this business.
I must be either naive or nuts... but I thought people generally UNDERSTOOD what a forward looking statement is. I sincerely think that "It is a FLS." is the only logical conclusion regarding Dr. Walker's comment/expectation that ONCO will one day be at $ 0.80 a share (and IMO he's thinking that PPS will occur BY the TIME he is ready to retire... is he planning an early retirement?).
How his comment can possibly generate a heated discussion at the present PPS... or lead to calls for financial proof that ONCO is worth that valuation now... is beyond me.
IMO it's more a matter of having faith in ONCO under his leadership... or not HOLDING/BUYING ONCO! End of options!
What is reassuring... or confidence inspiring (to me)... about HIS FLS is that he is offering us THREE pieces of evidence that he intends to deliver:
1) his professional integrity,
2) the results (PRd contracts) of his efforts to date, &
3) he states that he is focussed on ONCO's success & depending on it to provide his own retirement security.
So the question becomes... how long is each of us prepared to wait for that based on what we have paid for our shares?
I certainly understand some who paid more choosing to wait & recover from this level... as well as others choosing to SELL and move on.
Since I bought most of my position very low (less than .015) I'm thrilled with Dr. Walker's expectations for the future. From this level, ONCO's a 50-80 bagger! IMO that justifies a little patience on my part.
"I call investing the greatest business in the world because you never have to swing... All day you wait for the pitch you like,... The problem when you're a money manager is that your fans keep yelling, 'Swing. you bum!'"
W. Buffett
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