Problem with the RWD PFS is that it is realistic. We don't expect that at the speculative end of the market. We need to ask 'why is this so??' For my money this document was prepared with some deep pockets looking over our shoulders. You don't mess with people like that - tell it like it is.
'The stock market is a great place for transferring wealth from the impatient to the patient' - I don't know who said that but it seems to work out that way. I suspect our waiting days are mostly behind us.
And - it doesn't do to continually bag the company - it caps the SP - to the benefit of potential buyers
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