Friday, June 15, 2012 5:18:48 PM
This is one of the most irrelevant and skewed articles I've ever read. Based on your previous work, as many have already mentioned, you are hardly the person who should be making comments on the future of OPKO Health.
I will give you this; you're pretty good at twisting facts and drawing illogical conclusions that perhaps your "followers" may believe. I have to hand it to you, you almost convinced me that Dr. Frost supports fraudulent Chinese companies; that is the way it sounded by the way you reported. The way you write, you'd think Dr. Frost is an investment God of some sort who has a horrible past of failing his "people." Dr. Frost is an individual, a very wealthy and successful one at that, who has made many extremely high-payout investments with his own money. He doesn't force anyone to follow his investments, unlike the way you make it sound in this article. However, he does maintain a large following because of his large portfolio of successful investments, evident in his astounding net worth, whether you like it or not.
I'm also wondering why you're even criticizing Dr. Frost in the first place. Why do you care where and how much he chooses to invest? You make it sound like a bad thing that Dr. Frost sticks with companies even when they aren't performing that well. Above anything else, it's a sign of loyalty as well as a strong stance of faith from the respected investor who will likely help the company he has a stake in to turn around. As noted by someone above, SafeStitch may have taken a turn for the worse, but since January it has been climbing back up; do you think it'd be continuing to climb if Dr. Frost ditched the company in a rough time? No. And all you can focus on is the companies failure to succeed.
It seems you really needed to do a lot of research to find poor investments he has made; Dr. Frost has made a lot more smarter decisions than failed investments. Regardless, the ones that have failed don't need to be criticized. Why does it matter if a risk, that was KNOWN to be a risk, ended up not working out? It's his money, and he chose to take that risk. You act like he is to blame for leading on investors who may be following his decisions.
You are a great writer when it comes to skewing facts and tricking the general public who don't have a basic knowledge of investing or Dr. Frost. Other than that, you're not much. As far as Protalix goes, Dr. Frost has actually made $70 million overall, but of course the only reference you could make was that he lost $300 million in a day. As for most other "losses," you seemed to only claim them in market valuation, failing to denote actual dollar loss, as mentioned above by gregsilver. As far as OPKO Health goes, you again only seem to notice the negatives. First of all, they are in a good position currently, and all you can talk about is the possibility of them failing. Sure, there's a possibility, but there's also a much better chance that they will succeed, especially with the help of Dr. Frost and his will to stick by them even when they're in the gutter. If he wanted to, Dr. Frost could buy back 2/3 of the float, or even the entire float of OPKO Health, which would most likely boost the stock to somewhere around $9.
Just for the sake of it, here's some more investments Dr. Frost has successfully made:
-Dreams
-ContinuedCare
-Whitman Education
-Key Pharmeceutical
-Ivax
-North American Vaccine
-Prolor
-ChromaDex
These probably don't count though, right?
I'd tell you to do your research next time you write an article, but it's clear that you have. Next time, though, spend more time researching both sides of the story instead of reporting a skewed article that does nothing but make you look like a bashful, immature, and uneducated writer.
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