rockton, I appreciate your concern with manipluation and FUD, but I assure you that's not my intent. I've been building a position in Orbite for a couple months now, but hadn't taken the time to really understand issues around "scalability" and "commercialization" of the technology. And I got a bit spooked. In retrospect, this is a good thing, because it forced me to get off my lazy as.s and start doing some DD.
My "panic and doubt" was actually genuine. But it came from a source. So I'd like to doggedly pursue the claims of this source, and hold it up to the light of day.
Actually, Orbit is a bit of a unique holding for me, I'm generally more of a value guy who demands a large margin of safety on the balance sheet. Case in point, my largest holding is Wi-LAN. Take out cash on the balance sheet and NPV of future cash flows, and you're buying the business for free. Pretty much the same for my next 2 largest holdings. So Orbite is a bit different, in that from what I can tell, it's real potential is in yet uncomercialized technology - but with significant and growing validation of its potential. But I tell you, it makes for a lot more volatile stock that my other core holdings!
Yeah, I'm prepare to lose money in investing. But I generally take very calcuated risks - and look for a large margin of safety where I have significant upside, but am protected on the downside. I'd like to hold Orbite as a core position, but I need to understand where the risks are, and who are the straight-shooters and who are the bullsh****ers. I mean, it's pretty easy to tell on this forum I find. But I found that that there were some pretty basic questions I didn't feel comfortable with, after watching the Hodgins' interview. Yeah, my bad.
I understand BTW, the extreme frustration investors in ORT have with shorters. I actually feel somewhat differently about them. As I said, some of the smartest investors I know play both the long and short side of the markets. It's not personal. What I do take personally, however, is misrepresentation and FUD.
I have an average cost basis probably near the current price of $2.30 - bough as low as $1.35 and as high as $3.10. I'm looking to make Orbite one of my 4 or 5 core holdings, but unlike many on this forum, I'm just not quite there yet.. But close I think.
Best regards,
glenn
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