"I know the feelings that make one buy at the wrong time, hold till bored or disgusted, and sell too early"
A very timely comment by Artguy. After lusting after the ever receding carrot for 3yrs and 3 mos. I completed my divestiture today. I was fortunate to make a small profit, about $.70/share, and it was not nearly enough considering the level of risk I assumed. Whether I sold too soon remains to be seen.
Like most long term (if I may call myself that) investors I could write a novel about this experience. I'll try and condense it to a few comments.
It would be difficult to dream up a more favourable global environment in which to peddle TOVC products than exists today. Yet we can't seem to get it done. Why? I think the primary reason is that no one is willing to put major $'s on the table for what are essentially advanced prototype products. Virtually no reliability/life data exists for any of the products. I'm not sure if the electronic controls are even minimally workable for the IVT. Despite the company's contention that, from a design standpoint, the products are production ready any buyer is faced with years of refinement, hard tooling and life/reliability testing before these products can be put on the road. Is it possible that there are competing products out there that offer a little less but are much further down the development curve than the TOVC products?
Then there's the bullsh*t phenomena. A Phd. engineer with 30 yrs. experience can stand there and say: "You're going to own the world". Ask that same guy to throw $50k in the pot and he'll leave skid marks backing out the door.
It is my current view that the only people who stand to make significant $'s in the short term are those people who acquired their shares for free or at $.01/share. I believe the Gleasman family has in excess of 10 million shares which were granted to them when the company was founded. Even a sale at $5/share leaves them in fairly good shape. I'm not saying they don't deserve it, just pointing out a fact. For the average investor, if the strategy is to make a little now and more later by riding up the acquiring company as the technology is developed, why not just wait and buy the shares of the acquiring company?
I'll be watching the company, the stock price, and this board from time to time with interest but without anxiety. If I've made the wrong decision I'll live with it. I wish you all well. Zendo
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