One's Prospective is Based on Life Experiences
I have been in this investment for a relatively short period of time compared to others on this board (2 years November). I was fortunate to buy a bunch at .01 or below .01, but have also purchased significant number of shares after the February 2010 corporate letter.
I have understood from my first purchase that this was an all or nothing bet. Two years later, I still believe that there is a real possibility that this could be on the list of my best investment decisions in my life. (And in no way could it get close to the top five on the list of worse investments). That being said, I agree with you, that if you let the emotional side of investing cloud your judgement, you usually end up buying or selling at the wrong time.
If this is going to be a homerun, the SP does not matter, today or even up until the AGM. What comes out of the AGM will dictate the probabilities of whether this is historic or not. Yes we need the JV announcement first, but that, IMHO, takes us to the next price point (if you already believe, the JV will not mean much). As such, I want the AGM announcement, I want the details/ time tables / ownership %. The rest is playing with pennies, I want to know if we have an opportunity at dollars. Until then it is all or nothing.
We only know if this is legit when we get additional facts. The P & Ds will play their games, the names are meaningless, and there is not a pump that is going to take this to a meaningful level before the JV announcement and release of the detailed terms. And there is not a dump that is going to move many true longs to sell before the first quarter of next year.
But the one fact we know at this time, that we can rely on, is that managment has via a Q & A, on the Company website, represented that there is a deal on the table, that the terms of that deal have been agreed to and that as of the date of the Q & A there were not any material items to lead them to believe that it will not close. Everything else on this site or MP is just noise. A way to manage the doubts of those that have waited a long time to determine which side of the investment list this bet goes under.
That is why, I appreciate your previous post. while I do not agree with your accessment of the situation, the players, the mountain or the outcome, I agree that both sides of the discussion, when emotion is eliminated from the equation, is important. I believe we will not need to wait much longer to find out who is right and who is wrong. (oh and I think MP is a valuable part of the equation, bashing is easy, believing in this play if not at times).
Have a great weekend, and here is believing we will see the next step for MDMN soon. Stay relevant.
AI
