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Recommendations: 2
Anyone else keeping an eye on YAK-CN? It's a frighteningly small company ($7 million market cap) trading on an obscure exchange. They do have an interesting business model (selling picks and shovels in mineral rich Mongolia). I stumbled across YAK because it's being run by Harris Kupperman, who I think many people know from his investment blog.
I googled around a bit and found a few odds and ends.
A picture of Kuppy in his Mongolian office:
http://images.businessweek.com/slideshows/20110720/foreign-c...
An interview from June:
http://thedailygold.com/featured/interview-with-harris-kuppe...
This is a guy the Occupy people should love. As CEO, he gets no compensation of any kind: "Nothing. No stock options. No salary. No bonus. No performance allocation. Nothing." He owns a major piece of the company so he will do well if the company does well.
Looks extremely risky but I'm sufficiently intrigued to do some more digging.
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