Wellll, index funds have performed over the past 14 yrs... cuu not so much.
Do we know what his average price is? Thats literally the main question.
If his average price is 0.10 cents then a 10x is probably do-able. If its 0.50 cents, then a 10x is not going to happen, even if we sold the whole company and gave a box of donuts.
The rate of return on RBC US Idex fund for the past 10 yrs was 13.4%, and a simple investment calculator shows a rate of return being just under 113M for an initial 30M investment w/ compound interest.
Not saying that a 10x isnt going to beat out a simple index fund, but cuu hasnt shown a shred of evidence they can and will deliver on anything. Index funds have...