Here's my summary of ORXX:
ORXX is a brand new mining company with no mines, mining equipment, or mining technology. They have a non-exclusive agreement to use the HABE process to extract gold from ore without the use of cyanide. The HABE process has been around since the mid 80s yet somehow has never been "proven" outside the lab. The creator of the HABE process has also been trying since 1967 to popularize "Electromolecular Propulsion" (EMP), again with no commercial success.
ORXX has announced plans to acquire two companies. One of these, the Santa Maria Mining Company, was just created in California and has no claims as of yet. The claims it is supposed to be gifted so far don't have the proper permits in place to operate. The other planned acquisition, World Vanadium, like the name implies, mines vanadium-- a substance, never extracted even in the lab using the HABE process!
To promote itself, ORXX hired a "Russian guy", Tim Makhmoudov, who spammed ORXX all over the internet, just like he did with HABE, then disappeared with stock ORXX claims he took illegally.
And people are wondering why short-sellers have targeted ORXX.
- Jeff
P.S. If any of the above is incorrect, I will revise and repost accordingly. |
