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The Ghost materialises. Hi G.
Portfolio construction depends on overall financial position. I suppose the main thing is only invest in small caps what you can afford to lose. I’m not into diversification myself. Can have a multitude of small caps and many are rubbish. I make concentrated bets where I think there is a lot of upside. BPG is actually 2/3s of my stock portfolio right now. I did have 3 outsized positions but realised and I have quite a lot just in cash.
There is certainly high mark to market risk with BPG given extreme illiquidity in the stock. Fundamentally though, I don’t think it’s that risky at this stage with three products, trading only c4x recurring revenue, nominal debt and approaching cash flow neutral.
