RE:RE:RE:RE:RE:I Am Invested In 3 Different CompaniesDear Illumination,
From your three other companies, I can see that you are a serious investor seeking to find emerging tech companies. You unfortunately fell into the con job that is Transgaming and lost all your money there. That being said it is important to learn from our mistakes so we can profit in the future.
Here is what we look at in emerging tech companies:
1. Good managmenet - For example not a "CEO" that likes to hear himself say the word CEO all the time and go to expensive, usless conferences, on shareholder money, so that he can pretend to be a "CEO" , when the company is running out of funds
2. Good Business Model - They are selling something that somebody will actually use. Not a useless TV gaming platform, that nobody will ever use if they have access to the internet, cell phone, IPad, console, PC, MAC, etc....
3. Good Balance Sheet - Not so much debt that is passed due, that you are technicaly bankrupt, and have to consistently reneogiiate your debt making you unable to tap equity markets for cash.
4. Sustainablity over a rough patch - Relating to #3, the company has enough cash on B/S but also good IP, such that if a downturn should occur in the markets (.com bubble, 2008 market crash, etc), they have enough time to trim overhead and have enough runway to sell the company to a strategic for their IP. For example, Transgaming has so much overhead and debt, that they need to raise money to keep on going. Even if they are able to find morons that would further invest (which I doubt), if the market turned sour for one month, they would lose those morons and will be bankrupt. This will occur for sure anyways.
Based on the above, here is what I would do:
Sell Spectra7
Keep VixS and Espial
Burn Transgaming shares for heat or use to wipe your bottom after a bout of Ebola