Technically Speaking, page-596

Well said SF. Many of us have similar reasons since our first parcel. I could have bought 80k shares with idle money in the bank on the day after BP bought. But I didn’t? Why? I still lacked the conviction at the time coupled with a crap market. Anyway enough for coulda shoulda we can only move forward.

What astounds me is the fact that BP didn’t manage to skin this cat by negotiating attaching options to the shares he got at $2.40 which was 5x the market at the time.

Additionally, the annual expense for the company was less than $1 million. No officer was greedily syphoning money for their personal benefits. And there are no millions of shares being lined up to management’s pocket. Amazing where’s the likes of uhmm I’m not gonna mention them, asx tech companies whose sp have dropped 90% and still have officers taking $400k annual salaries and shares and options they almost appear to be insensitive greedy suckers. I’m not saying there won’t be any share appreciation rewards for company officers in the future but I think it will be a very disciplined company, I hope so.

The SP currently stands at a bagger for BP. I always think he bought in at a great discount from his perspective or valuation so anyone suggesting this stock is worth 10x or 30x BP’s CR price when we start producing is understating it and anyone suggesting the stock is Overvslued is tantamount to saying BP and his team who did a DD on this are not smart, even potentially embecile lol. No way they are. So yes we’re ridiculously cheap. No need of convincing anyone. You wonder why I’ve been posting more on here. Answer is I don’t know. Maybe I just want to keep my conviction as I’m not trying to convince anyone for fear they’d blame me if they lose their family’s fortune. Po3 is now by far my biggest holding in the few shares held in my my personal and smsf portfolios. Thanks to BP & team’s due diligence on this company.