PINL:SIXWF - Post by User
Comment by
throwaway11on Sep 23, 2022 4:22pm
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Post# 34983061
RE:Commercialization is the key to a turnaround.
RE:Commercialization is the key to a turnaround.I have held/watched a lot of positions recently and all of them have one thing in common. They do not seem to get a single thing done. And when they do, the revenue - the eager customers supposedly waiting at the gates - never seem to follow for one mysterious reason or another.
I think possibly one of them, Aduro, has actually shown any significant material progress towards being a tangeable business. The rest of the companies I regularly held or watched? They remain in a world of MOUs, promises, ideas. They spend a lot of time testing. And then doing more tests. And then more tests.
Year after year of management taking generous salaries, financed by parties who see the seemingly bottomless hopes of company shareholders as an implicit business plan.
It seems like this constitutes the vast majority of Canadian microcaps.