RE:RE:Challenging timeline, not requirementDaDave65, I agree with everything that you've said except:
DaDave65 wrote: That being said this is still a small cap company and we as investors are taking a risk. In my case it is a proportionately large one and I have convinced friends and family to invest as well. It has not been a comfortable year for me.
I think nanocaps, microcaps and smallcaps is everywhere any small retailer investor wants to be. The risk/reward is asymmetric since these stocks are illiquid and big money can't buy them. There's tons of inefficiency to exploit.
Just in December, I took part in a private placement in a company that was trading below 1x sales and had a market cap smaller than shell companies. This was a SaaS company with $1M+ in sales growing at 50% per annum, strong margins, unprofitable - but had a clear plan to profitability for 2015 and onward. Typical SaaS companies trade somewhere around 6-7 times sales. Suffice to say that I already have a 200% return if you factor in the warrants. I still the think the stock could be 5-to-10 bagger in the next years.
That's just one example.