Reader Comments on Aardvark Daily 16 Feb 2001
Note: the comments below are the unedited
submissions of readers and do
not necessarily reflect the opinions of the publisher.
From: Michael For : The Editor (for publication) Subj: IndraNet Technologies is ok in my books Although IndraNet may be a risky prospect one should only invest money they can afford to loose. The company is ahead of the schedule set out in their first public offer which didn't see any commercialisation for 5 years. They've done it in two. It's also interesting to note that their issue price was $2.00 per share originally, but in Nov 2000 just before the company stopped trading to do a 5 for one share split they were trading at $4.70. This is a very tidy return for any share to make, but especially a technology share during the year of the dot-gones. Another important aspect is that the directors are investors and they have invested their own money in the venture. That means the people behind the company have just as much to loose as the small shareholders if not more. They have also managed financial control and seem to have spent the money they raised wisely. They have developed partnerships with other technology leaders to leverage their time and increse the speed to market of their technology. This alone will reduce the risk to shareholders. If the company can get its technolgoy to market sooner and start generating reveune (which has been in their business plan from the start, unlinke a lot of dot-gones) they will reduce the need for further shareholder capital input. The people behind the company have achieved some positive results, and have been rewarded by way of an increase in share price. The potential market opportunity is in the order of billions of people, of which they only need to capture a small percentage for the shareholders to reap huge rewards. Everything seems to stack up. My money is where my mouth is and I am wagering that IndraNet will turn into the next Cisco. I'm not selling any of my holding until the share reash $US90. But that said I have reduced my risk by limiting my exposure, and it is money I can afford to loose.Now Have Your Say
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