It must be a slow time in the IPO market for me to look at a company like SMG Indium Resources. But so it is, and this proposed IPO is one of those opportunistic and puzzling vehicles that seem to pop out of our ever-speculating financial markets.

Although the web-based roadshow presentation is a bit amateurish, the management team is plain and direct. The company is simply raising money to build a stockpile of the elemental element Indium and have a public stock that tracks the value of the commodity.

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