SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ORXX - Orex Gold Mines Corporation
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (1555)9/1/1999 10:46:00 PM
From: undecided   of 2392
 
One of the interesting things about this stock is whether we are being taken for a ride while the insiders sell everything they can or if this stock is deliberately being driven down. If it has been driven down part of the reason for that would be to take away fund raising capability. Obviously if the stock price is at $6 it wouldn't have been that hard, but when a stock falls from $7.75 to $0.08 it makes potential investors shrink from putting anything into ORXX. One of the things that has concerned me is the perceived inability of ORXX to raise funds. My thinking is that they will probably use material that has already been mined to prove that the HGP works and is economical on a larger scale, mainly because the ability to raise significant funds without totally reducing their share value in the company would be impossible at this point. My thinking is that this stock has been purposefully run down but I don't rule out that this is a scam because it is a penny stock. My thinking is that if they can prove the system works even without mining and only using already mined materials that they will have no problem raising funds. But at this point with the stock movement what investor with half a brain would throw money at this? We can only hope that this possibility had been thought out in advance and they have funds set aside for this rainy day. I only hope that the SEC does investigate what is going on after the demonstration one way or the other.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News