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Companies go public for a reason...to raise capital, mergers, aquisitions, etc. In this specific instance with NEW product
launches...bottom line is potential, future and growth. The company is not turning a profit right now and that is not the primary concern, the company could restructure and turn a profit tomorrow...but I am sure as you say "the wise and prudent investor" stayed away from all companies losing money in
it's early stages like Microsoft, Cisco, etc. It is all about potential and growth and in product development stages sometimes you need to take a step back before you move forward.
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