Flatlander schreef op 8 oktober 2023 17:25:
Those that have read my posts over the years know that I soured on BCART the last couple years. An investor cannot keep the blinders on indefinitely. While I was an extreme bull for years, too many facts did not line up with company statements. The fire for me was a breaking point that triggered my drawing down of my BCART positions. Had I been smart and would have followed my gut and pulled the trigger when the 1st CFO walked out the door. BCART was my first non ADR investment in the EU. I have to admit that I was naïve on a number of points. Not understanding how a country's rule of law is applied to its capital markets is a major point of my blindness. Assuming that high tech manufacturing operations would have basic fire protection such as sprinkler systems has also been a painful blind spot. Believing that a company's management and Board were aligned with shareholders was also a major misconception.
Fortunately, this experience has not soured me on international microcaps and I have found profitable speculations overseas.
FL