Your telling of the story is quite interesting to me. I never got the impression that Dana was the problem. Funny, but from the first time I met Ben, I had a bad feeling about him. However, his strategy seemed to be the same as mine...sell the company as soon as possible and take the profit! Somewhere along the way, either he was lying to me from the start or maybe he thought he had more product than he did, or maybe he just ticked off all his suitors. I just became convinced that the product would supercede anything that Ben could do to screw it up, and it almost did....I think....maybe.
I guess the bottom line was that the company did give two opportunities to sell out and make a nice profit, and anything not done was the fault of the investor and not the company itself. I was fortunate that I took the opportunity and made some money on the stock, but too many imagined a bigger picture of what could be. The bottom line Rick, is don't give up on the market, just take the giant lesson that you were offered, and use it to further yourself. Buy stocks with earnings! Buy stocks with value! Buy stocks with history(aren't you a history buff?)! Probably now, buy stocks with dividends!
What transpired in the end with the demise of this company is left for another post and some time into the future.
Rick....So, has what First Advantus said interested you at all?
Derf
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