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Expert Financial Analysis and Reporting

Closing Subscriptions to SmithOnStocks and Issuing Refunds

I have decided to close the subscription service to SmithOnStocks and will refund subscriptions paid over the past year per a formula I will shortly describe. The reason is that I am spending much more of my research time looking at emerging technologies such as 5G, electric vehicles, regenerative medicine, messenger RNA, fintech, space, blockchain technology, non-fossil fueled energy and others. We are going through an incredible explosion of innovation in which new technologies are disrupting older established industries. The obvious examples are Amazon versus brick and mortar retailers and Tesla versus internal combustion vehicles, but it goes far beyond these two widely recognized disruptions. It is pervasive in our economy. I have been an analyst and investor for over 40 years so I have a long and broad perspective on the pace of innovation over this period. In the early years of my career, innovation was gradual and linear. Now it is explosive and exponential. I can’t imagine what the world will be like in ten years, but I am absolutely confident that it will be spectacularly different. As an example, blockchain technolgy may have a more profound effect on the human species than the internet.

My whole career has been driven by enormous curiosity and enjoyment in learning about new things and ideas so I am mesmerized by this renaissance of innovation. Increasingly, my research interest has expanded so that I just don’t want to focus on biotechnology. Consequently, I don’t feel that I can deliver the research promise that the SmithOnStocks blog was founded on, i.e. in-depth research on a small number of biotechnology companies. It often takes me several days or even weeks to write some blogs preventing me from exploring new companies and innovations. I no longer have the time to do this.

I will continue to publish articles on my website. I am not closing it down although I am not sure how often and how extensive future blogs may be. However, I don’t believe that that I can justify a subscription charge. I have refunded annual subscriptions that I have received on the basis that annual subscriptions received in February 2021 are refunded at 100% while those in January 2021 are at 91.7% (11 months divided by 12 months) and so on through March of 2020. See the following table. All of February monthly subscriptions have been refunded.
















My payments provider PayPal, only allows me to refund subscriptions for the period August 2020 through February 2021. I have done so for all of the annual subscriptions received from August 2020 through February 2021. Unfortunately, PayPal won’t let me refund subscriptions received from March 2020 to July 2020. For subscribers falling in this date range, please e-mail me at and I will send you a check per the above table. Please include your name and address and if you remember it, when you subscribed.

Please note that  PayPal has a feature in which subscriptions are automatically renewed; I do not control this feature. So for both monthly and annual subscribers who have automatic renewal, please cancel it. Otherwise you will be billed in the future. Of course if this happens, I will refund the money.


Categorized as Smith On Stocks Blog


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