Ross Klosterman
Long/short equity, special situations, small-cap, value

La Jolla Pharmaceutical - Can This Micro-Cap Company Make It In The Big Leagues?

With small OTC companies such as La Jolla (NASDAQ:LJPC), it is vitally important to have a clear understanding of company and management history. So often these companies lure investors who lack a proper understanding of their background, and folks get burned when they realize there is habitual dilution, a consistent track record of failure, etc. Often, there is a reason these companies trade where they do.

However, ever so rarely, one can find a "diamond in the rough" small cap stock and take advantage of a possibly lucrative investment. I believe LJPC could be one of those stories, which is why I have decided to make an investment. For full disclosure, I am a long shareholder in the...

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