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Originally posted by said_smitty:
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Why would he buy more? They needed cash and they looked for investors and BP took interest and after months and months of tests he saw potential and had given them cash at a premium what he thought it was worth at the current stage, he also become a director and worked his way to the top, he has set up a register on the OTC market and the DTC which would be soon, we are just about ready to commercialise this product and BP is building a solid foundation so when this does get commercialised it will reward shareholders handsomely. He doesn’t care about the short term or the immediate term he has one goal and that’s to commercialise this product. I don’t see why people fuss that they are not doing much when they are working on the product to make it better and working on commercialisation. I read a book from an investor back in the 50s who supposedly never made a loss and never sold a stock unless his reason for holding changed, he brought into a spec stock that had an exciting product and payed $5 a share and years went by he waited for commercialisation it went to $4.$3, $2, $1 even and at the end his patience was rewarded and he made ridiculous amounts of money. Don’t count your chickens before you hatch.
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BP is running this like a private company.. if the tech is that good. what's stopping him and his mate, from taking the company totally private?
