Rear Window
Bevan Slattery's 10-bagger spreads the love
Tom RichardsonJournalistThe (paper) riches keep rolling in for internet services entrepreneur and small-cap tech investor Bevan Slattery. On July 14, Mr Slattery invested $2.5 million into 3D-mapping business Pointerra via a placement of 50 million shares at 5¢ each.
At the time, Slattery said he was making the investment as he understood the exponential growth in geospatial data ahead. Not mentioned if surely implied: the potential for an exponentially growing share price. Slattery's investment is now up nearly 11-fold since July 14 to turn $2.5 million investment into $27 million in just two-and-a-half months.
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