BML's Louis Doyle has no objection, even emailed a chart
showing 8 yr sh price history and where the prev financings
went off, but I don't know how to post this. Lowest were
.25 and up to 1.50 around the 96 bull, then back down.
An extremely frugal guy on the spending side, and does not
give away the store on financings either, only got 1/2 wt
unlike most of my PP's last yr. He has taken sh instead of
salary during the lean times, so has one hell of an incentive
to make it work. If he is going to make any money, we all
will, why can't more of them put it all on the line like that ? Answer I suppose is they can promote enough people
into taking all the risk.
(Was asked to go in on a PP last mo, saw the 3 principals
were going to take most of the PP in salary, put no cash
of their own in, risking nothing. Declined that one.)
Don't want to leave EC's 'Wildcat' out. I signed the
confidentiality and gave my full personal info (don't know
why anyone could object to that). A very interesting
proposal worth looking into by anyone with the wherewithal.
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