MikeG's analysis is as usual right on target. The $43 million of losses includes its predecessor GPGI, and many of us recall leveling the same kinds of "when will they become successful?" questions on the GPGI board for years - to Dick Jensen and then Russell Twiford.
The GPGI entity I think goes back to 1978 I think -- I first invested in it in 1987. So if you figure 39 years, then $43 million is 'only' an average per year loss of a bit more than $1 million per year over corp history.
So yes, still a failure, but let's not go crazy, they have only lost what they've raised and invested over time, and at a touch more than $1 million a year, it's been far from a billion-dollar loser like many other famous names.
Kudos again to MikeG, his analyses are always on target
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