I have posted this before, but think it is worth posting again. Management 101 Think in terms of "opportunity cost" - whereby Jim's talent, experience, network, and access to capital is an investment. Why would he focus that tremendous potential and resource (i.e., investment)on turning around a near bankrupt Aloe company? When he could take that "equal investment" or effort and put into ventures that would be far more profitable?
This is a smart businessman and there is some form of extraordinary value here or he wouldn't be working 24/7, per Sam's tweet. Is that a R/M, I don't know, but that would make the most sense considering an IPO would run close to 1M to execute (including under writing). Especially considering he probably picked USFM up for a song and dance and it has an excellent stock structure, previously traded on the NYSE at $20 per share, and not to mention has a marque name (i.e., brand potential) & good existing product line potential.
Do what you like, but I don't argue with success. Especially when it comes at the hands of a man with this type of business acumen. Call it stupidity or blind faith, but I am long and strong in USFM at the tune of 1M shares. I talk to Jim on almost weekly basis and this guy has some excellent plans for the company that are going to take time to execute on. I post this not to encourage people to buy and/or sale, but to bring some comfort to those that believe in this company. Regards, Jim
AI
