I think you're missing my point. I'm not talking about over-promising or over-announcing. I agree those strategies are flawed. I'm talking about actually letting fund managers know the story. Then they get to follow the story. You can't rely on retail investors to push you to high valuations. You need strong funds on board and the only way they will come on board is if they know the story and like it. I speak to lots of high net worths and fund managers. Not one has even heard of GGL.
16 years ago DTL was a $5M market cap. I took a position. I also introduced them to a few small cap fund managers. They started to meet with a few more. One of those funds eventually came on board and has supported the stock all the way from around $1 to $16. The stock was eventually split 10 for 1 but had DTL not told funds the story, they may not have had the same insto support. Fundamentals do eventually count but you need people to love the story in the beginning. SYR is another example. 10c to $6 on the back of not only finding a great resource but also because powerful instos got on board early and have continued to support the stock on market all the way up. It would be virtually impossible for small, retail investors to push a stock up 6000%.
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