Alterras Systems Inc (fka ASIUQ)

[terry hallinan]

Morning, upshegrows.

this isn't my advice. It's Buffett's.

Warren is a wonderful investor. No one has ever made more money investing. He gives great advice though some is contradictory such as always make a profit and never be upset about a stock falling.

But Buffett somehow makes his money investing in tired old cash cows, an astonishing feat but certainly not stocks like ASIUF.

How about some advice from guys that beat Buffett like a drum?

ARD (American Research & Development) believed that if they made money from more than one investment in ten they were being too conservative.

That hare-brained investing philosophy led them to the greatest success ever achieved by a venture capital firm.

http://pelosophy.com/2013/04/12/american-research-and-development-corporation-the-first-venture-capital-firm/

As far as I recall, ARD did not invest in stocks like Alterrus with its enormous debt hangover but chose rather startups that obviously have their own risk. Its most famous investment and by far its most profitable was $40K to Ron Olsen for his idea to challenge the once indomitable Armonk Monster, IBM. At the time IBM had trashed all competition and even burned General Electric some awful bad when GE tried to get into the computer business.

How can Alterrus deal with its enormous debt and yet grow?

IMHO Alterrus will have to find a way to negotiate a settlement. Creditors will surely have to take a hit but a live company is better than a dead one. Even a banker should know that if they don't have the full faith and credit of the U.S. Treasury backing them after having bought the entire government with their own funny money. Pennies on the dollar is better than nothing at all.

I could go on with ideas but I have never had to do step one and can only admire with awe those who have. I once had a few miserable shares of ARD because I was enchanted with what they were doing. Never did I have the faintest notion I could do the same.

Best, Terry