PPK Value, page-211

whilst much of what you say has truth in it I don’t think much of it is relevant to valuation of a technology growth company. The negative light you shine on the internal dealings within the ppk group is usually considered quite a clever way of creating a new market for a new product and is referred to as vertical integration. Of interest this is exactly what companies like 3M did when they invented new materials and products that the existing market was slow to take up. It’s sort of a “build it and they will come” approach. Once the “killler app” gets a foothold then the markets take notice and jump onboard. LIS is supposed to be that for BNNT but this market is very tough presently for any company that doesn’t have a revenue stream because of the difficulty in raising capital at reasonable terms.

@friendlydwarves (reply not working? Do you have me on ignore for some reason?)