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Re: crunch55 post# 19367

Wednesday, 09/04/2013 8:16:07 PM

Wednesday, September 04, 2013 8:16:07 PM

Post# of 104446
If there's a willing seller behind the offer for that amount it wouldn't be hard at all. Price wouldn't budge a bit. Market maker gets the spread and everyone's happy. But as retailers we'll never know for sure how much is behind that best offer (or bid for that matter).

Bottom line is I'll pay up even if it's 25-50 cents per share if there's revenue growth behind it. Until then the price is accurately reflecting risk, it's a function of outstanding shares, burn rate and guessing at the time until the first real revenue hits.

Buying shares here means you think that function is positively biased. I don't have any way to evaluate it without pure guesswork. So I'll wait until the pps is low enough to offset the high risk. That's what makes a market.

GLTA.

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