To the next level....
posted on
Feb 05, 2006 08:13AM
There are several reasons for this restraint.
First is that I acknowledge that I was a rah rah poster for NanoPierce. I`ll address that shortly.
Second is that I have just been to darn busy working for a living and dealing with major life changes.
Third, I have learned that a rah rah needs the right time to be effective.
There are several items I want to address in this post.
What I have seen and learned over the past ten years in working in the OTC BB arena (and even major exchanges) scares the living poop out of me. The odds of survival on the OTC are minimal. I saw a report on CBS or CNN a couple days ago that the median survival of any business in the USA is 11 years. The OTC, the survival is less, far less.
The struggles that go on behind the scenes to survive as a publicly traded company are numerous. For those companies that are attempting to bring a legitamate business to market, the negatives are against them. For those companies that are scams, they are a flash in the pan and are gone after bilking our money.
What I have seen with NanoPierce and now VytaCorp is that these companies are those that are struggling to bring valid products to the market. These products are chosen for their potential revenue that can make a public company successful.
The connection technology for NanoPierce is real and good. I believe in it and I still do. I was a rah rah for it and still am. The timing was terrible. I not only lost a lot of money through 2000 in NPCT but in other companies. That was a very rough time for everyone, not only NPCT.
Through the past six years, NanoPierce could have closed its doors a number of times. I had written this company off around the summer of 2004, even though holding on to my stock. I asked Paul last week what in the heck kept him working to keep the doors open. The answer is simple, he does not give up.
Have they and we made mistakes along the way? Sure. But with what I understand today, before judging and throwing stones, walk in the hot shoes for a mile first and then make the call.
Now onto VytaCorp. This development that started the end of 2004 surprised me. Out of the blue came this potential for a product called beta-glucan. Beta who? was my first reaction. I thought about dumping my stock. This was just too much.
I held my trigger finger back and gave it some time to see what in the world this was all about and if it had a chance.
Fortunately I had developed a talking relationship with Paul and Co. over the years and made a couple of calls to find out what this was all about. I gave it time and did not dump shares but also did not buy shares either. This needed time to develop.
I have been fortunate in my relationships that I have developed during this really yucky time (2000 to now). Zties and I have talked a lot over the past years. I went to unlimitted long distance service at both my houses for this and other reasons. One thing that Zties has demonstrated time and time again is his ability for research and due dilligence. I described him to Paul as a bulldog when something does not quite jive.
Through his research into beta-glucan and my research and knowledge of the stock market (lessons of hard knocks to be sure), my confidence level in this potential grew.
In May and June of last year, I began buying in the open market again. I ran it up to ten cents twice with rather relative low volume and then I backed off. I had a lot of shares and was content with that.
I talked with the significant participants both in BioAgra and NanoPierce. We did far more research than in any other product or company that I have ever been involved in.
I decided to offer financing for this venture. Yes, it is a small number of people like me that have done this financing. NanoPierce did not want another rape and pillage financing. They wanted those who understood the business and realized its potential.
You will see my name in the upcoming registration statement.
My participation was done in stages, with achievements marking each level. When Zties and I visitted BioAgra last November, that was marking a goal that helped me feel more secure.
As part of our visit to the Poultry Exposition January 24-27th, we took the time to go back to BioAgra in Hinesville, GA to visit the plant and observe its progress. Again, it was important and I needed to mark another goal. The progress made in two months was considerable. I was and am very happy. This is a complicated factory and also state of the art. Well done BioAgra.
I have taken my interest in public companies, particularly VytaCorp to the next level. It has been important to invest a prudent small portion of my assets into this company but I have given my assurance to be there if VytaCorp needs support. I think that they will be fine from here on out but I also know the potential and will not risk losing this potential.
There are future milestones to be met for me to be totally confident of BioAgra`s success (and ultimately VytaCorp). The first and foremost is for BioAgra to demonstrate that once the plant is complete, that it can produce the quality guarantied (80% concentration or more of beta-glucan) and the quantity needed to support their customers (well in excess of 15,000 kilos/month). I expect that those goals will be met. That is why I am still here. But the world needs the proof of their beginning the production. BioAgra will not announce production until they have met their guarantied quality and quantity. Future shareholders will pay far more than current values after that announcement. But the greatest gains go to the greatest risk takers.
In time, I expect that all of us will be replaced by other shareholders. That is natural and another important step in this company`s evolution.
Another milestone will be continued posting of revenue within the 10Q and 10K. And it is important that these revenues grow. In time profits will need be demonstrated and then an appropriate p/e can be determined. But that is not important at this stage of the game.
Another milestone will be sound fiscal management. In getting to know the significant people of BioAgra, I feel that they will be appropriate in their fiscal efforts. They, as already stated in Zties` previous post, acknowledge that our success (VYTC) will reflect their success. They have that motivation to grow the company. Their motivation is not share price growth. That is my motivation. That is how I realize gains in my investment.
It has been a long haul since my first involvement with NanoPierce in the summer of 1998. Why? do you ask, have I stuck around for almost eight years?
I don`t give up either.
Regards,
Kent