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Mr K, it is that because nobody really knows enough about this company to comfortably gauge whether this will be a success or not. Some have the view that because it's a spec stock, it is okay to know nothing about this company. Well it doesn't work that way. There are plenty of speck stocks out there. Many have research reports on them. The fact that there are none on PIE means that it can be safely assumed that no meaningful analysis can currently be done on this stock. Where are the DCFs? Where are the peer comparisons? Where is the professional research?