Fred...Thanks for the reminder. Too much hype now with everybody and his brother gett'in on the finance chat lines talk'in about "gold at the end of the rainbow". NO....ORFR is not going to be another RMBS.
The fundamentals are not there.
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Here is the Edgar On-Line data.
8/14/97....Form 10Q Good news with 42% gain over 2Q96
The 228% gain over 2Q95 tells all.
6/17/97....Form 424B1 Prospectus...Forward looking statements.
5/19/97....Form 8-A12G Nothing happenned on this. Please see:
www.sec.gov/Archives/edgar/data/1037115/0001036050-97-000280.txt
6/17/97...Form POS-AM Post Effective amendment to S-filing. In short, 2,000,000 shares common stock offered through its underwriters.
4/11/97...5/19/97...6/5/97...S-1, S-A filings and legal amendments. No big deal. Legal stuff here.
Note: No 144's too.
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I don't see anyone banging down the doors to buy this issue and institutional buyers just are not present on this one. At this time, anyway. I don't think I would say it is a manipulated issue...but, the Fool and IBD have definitely got some action that is starting to puzzle some of us.
YOY positive numbers have not been proven on this issue. People get so excited when they see a 42% gain or .20 EPS against .01 EPS in the prior quarter. To me this means the company has a good thing going. Now they need to race around the track with the competion.
Even Randy Befumo speculates quite a bit with terms like "can prove", "looks like", "what this might mean", and so on and so forth. Randy is a pro...and usually he's on target. Really though...he just says," Watch this one and it may prove to be interesting". Un-interesting could apply, as well.
OrbitFR has contracts the size of totals that appear on a small company P&L statement. Caveat Emptor on this one. If they loose a few of those contracts...it's all over.
Best wishes to all. |
