SEC: I first thought you were talking about a stock I just bought several weeks ago that was almost $30.00 and crashed to $3.00 overnight. My company is a drug company that is called ELAN (ELN). I have been buying mostly distressed companies that have taken a 70% to 90% haircut in a very short time. My HLSH, IBCIQ, WNDXQ and now ELN all took a very large haircut and I jumpped all over them when they took the final haircut in the PPS. I only wished I had waited longer for fmday to do the same, but will wait for that one and am holding all the others for a bigger gain even though most have more than doubled in their PPS. I did have to average down on 2 of them to get to the bottom which was WNDXQ and Fmday, I expect a lot more gain in the future on all, if things go as I planned. This ELN company has the most potential to soar at the present time. They have the best drug out for MS, but there was a problem with the drug and they pulled it off the market until more study is completed. I checked with the cash on hand and it was 1.5 billion and if this drug doesn't show the cause of that PML at hand in 3 cases ,then kaboom that PPS should soar big time. I expect a 5 to 10 bagger within less than a year if I guessed right and if I didn't then it could eat up 1.5 million a month of their cash on hand without another big drug in the wings for them to survive long term. Anyway there are some very good high risk plays out there and some will go bust and some will recover to make a very large return on the gambling of a recovery. I have always taken a risk in the market, but with only 1 or 2 very high risk plays at a time. As the market changed I have been changing also and keeping 4-5 of those high risk plays now. So far every one is showing very good signs of recovery and the gamble may pay off very well down the road for me. I figure it is just like playing in Vegas. If you want to win big money, then you have to bet big money or play the higher odds to accomplish the same outcome. I will either accomplish my goals or fall short, but if I fail, it will not be because I didn't give it my very best shot. As always, best regards. Walk
