Glad to hear that you used Uber to get all of your water/necessities. I didn’t realize that planet microcap overlapped with WSOP, maybe see you there next year.
It was a great post. My initial position is usually small and I average down in size. It's different than your approach, but I find it works with my sensibilities and the kinds of distressed assets I like to buy. As you mentioned I'm also more willing, and usually prefer now, to average up. A derisked small cap is a better value proposition to me than a speculative microcap. The biggest market inefficiency in the small and microcap space is the company that has 5x'd in a year.
Very true. I expect the volume on the CVRs to increase as they become more well known. The benefit of having AEM.CV trade publicly is we can discount it back to the present, slap a probability on the conditions, and sell early if they trade above fair value.
Glad to hear that you used Uber to get all of your water/necessities. I didn’t realize that planet microcap overlapped with WSOP, maybe see you there next year.
Libertystream story is really exciting
I added 20,000 LIB.V shares yesterday at 98 cents. Screaming bargain.
$14 water lol. As a Canadian the currency exchange hurts so bad for US conferences.
Thanks for linking me post.
It was a great post. My initial position is usually small and I average down in size. It's different than your approach, but I find it works with my sensibilities and the kinds of distressed assets I like to buy. As you mentioned I'm also more willing, and usually prefer now, to average up. A derisked small cap is a better value proposition to me than a speculative microcap. The biggest market inefficiency in the small and microcap space is the company that has 5x'd in a year.
I feel like I need to tattoo this to the inside of my eyelids.
A derisked small cap is a better value proposition to me than a speculative microcap.
Lol😂
By the trading volume, not too many people watching those CVR's
Very true. I expect the volume on the CVRs to increase as they become more well known. The benefit of having AEM.CV trade publicly is we can discount it back to the present, slap a probability on the conditions, and sell early if they trade above fair value.