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07:19
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Originally posted by BobF
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Your reasoning is not unreasonable at first sight, but:and by putting up a very large chunk of his own cash, and has thereby put it at direct risk. One could also say that he has never wanted it to be a public company because he has always had the confidence that the product will be successful. If he was savvy and doubted the investment he would have hedged his bets better, and would surely have tried to put more of other peoples money at risk first as far as possible. The two are not really entirely consistent in my mind anyway. He has had both the need and the opportunity to fund it through loans, and has probably done so because he envisaged being able to convert those loans to shares when he had the right opportunity. I dare say the other largest investors hold similar views and probably have a similar level of insight into the risks and opportunities the venture poses.IF one believed the investment was a good one that would lead to a significant profit at some future point. If one doubted this why would you be persuaded to invest at all, let alone throw a second million bucks at it? they remain convinced that it is the best way to get a qualified product they can take to market soonest and without too many problems. And they have had working chips coming out of EM for some considerable time. Covid of course has thrown a spanner into the gears, and we just have to live with that, but I suspect the same could have been said about any other FAB, and given the chip squeeze globally I suspect they have made a good call, if not the best possible call.
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‘…I remain invested, and have just added to my position - even today. DYOR.’
(20min delay)