NOW that's FUNNY!
More on Skriloff, tell me this doesn't sound like the philosophy that we have see over the past 2 years.
“We don’t care about liquidity,” Skriloff said.“We are not short-term investors. There is a point of view that says that low liquidity can position us to get an even better value for our investment than we would if there were a lot of trading. We tend to buy senior secured convertible notes with warrants, and we are very risk-averse, which means that we try to make sure that our investment is potentially covered with some saleable asset. In the case of VLYF, we could recoup easily by selling the technology. But assuming the company performs in the way we believe it will, our investors will do very well indeed.” That example told us a lot about the style of investing, which seems to be characterized by an eagle eye for strong niche noncyclical products balanced by a careful structure pointed at capital preservation.
GLTA, closer yet!