I have to admit that I’m not waiting around for $50 but I still see the risk/reward in MDMN as exceptional. Partly because the “incompetent” BOD is sidelined and we’re trading under 2 cents. A 10-15 cent exit with a lower risk profile (as long as we don’t face another round of significant dilution) within a 6-12 month timeframe is attractive. Of course I would have preferred selling all of my shares when we rallied to 10 cents in late 2014 but it’s important to evaluate each investment on a real time basis.
Confucius say: “Man with one foot on ‘yesterday’ and one foot on ‘tomorrow’ will end up pissing on ‘today’”