posted on
Aug 12, 2008 12:18PM
Ceased Operations May15, 2009
Message: NPR's "All Things Considered" w/ Paul Metzinger
pmb -
I don't think you are dumb, but I DO believe you are at times pretty unrealistic in your expectations.
Yes, Warren Robold is working without a salary. He can't do it forever, but he does have great faith in the product, and so far, has determined that the investment of two years of his life and (only he knows how much) capital was worth the risk.
Paul Metzinger, on the other hand, is the President and CEO of the Company. Even in your most unrealistic moments, I doubt you believe that the CEO of any Company is going to work for 10-12 years without a salary. It would make more sense for him to shut down the Company and go back to practicing law than to work for nothing. Instead, he keeps the doors open, pays the bills and keeps my investment alive. I imagine it is somewhat of a skill to continue raising money and keeping things going year after year. Sometimes it doesn't fall far short of pulling a rabbit out of his hat.
You can beat up on the stock all you want, but Paul keeps the doors open and the lights on so that others can do their best to make something of what is clearly a high risk investment.
High risk or not, there are still people who chose to put up money, and there are still people buying the stock. Do I think they are smarter than you? Not necessarily. But I do believe they have a vision for the future that, though you may have had it at one time, you have now lost - at least as far as this investment is concerned.
As for the trials and the results - I was referring generally to what happens when any company submits their product for trials. If the product doesn't perform well, they no longer take your calls. If it works, you may have the priviledge of doing another trial. I was not specifically implying that Agrastim has failed in trials.
As to trial lawyers....I know they are frequently seen as parasites on society. However, they are occasionally very wealthy, and did not become wealthy by taking cases that had no merit while footing the bill to the tune of several million dollars. I recognize that this, in and of itself, proves nothing, but was making the point that complaints of trading irregularity and illegal shortselling have become so rampant that it is unlikely that everyone is making this up. To deny that illegal short selling doesn't harm the average investor and damage under-capitalized companies is like denying that lifelong cigarette smoking doesn't make people sick.
On thing that does always puzzle me though...
What makes people who otherwise seem to be intelligent and probably nice human beings spend so much time and energy beating up on their own investment? Is it anger? Resentment? Some need to absolve themselves of what they consider an unwise investment decision? Do they get some perverse satisfaction in seeing the share price go down - or is there something else? Just curious.
-zties
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