I agree that for these 'start up' type companies that execution risk is real. There are lots of risks as u point out. For me, those risks I can consider as serious are dealt with (as per my previous post). The downside consequences are big as are the upside consequences. So for me it's all about measuring the likelihood of these risks coming to fruition. When I think about execution risk; their past performance on being able to execute against their plans, I am feeling it is likely that they will continue to deliver. They have delivered in spades (I don't agree with veecats views). If this next veteran's affairs contract comes off and clinical trial results from john hopkins are good....for me that will take my sentiment about likelihood for success from probable to highly likely. I am all in and am down now, but not concerned.
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