<<Could it be related to the announced stock repurchasing plan? >>
Could be!!
I'm still in. When the stock was trading at $6, I thought that the worst was over, with maybe another dollar of decline at worst. However, didn't want to post that fearing that I might jinx myself and the company.
As far as the buyback is concerned, it is very positive in my opinion. If they get this investigation out of the way, having a small float coupled with a share buyback, these guy's should exceed estimates (although, with Asia, those estimates are but a shot in the dark.) If this happens and ORFR does buy back all those shares, the stock will be very volitale cosnidering that we are now dealing with even a smaller float. So if all goes will, +3 moves are not that far fetched.
I think the share buyback was around 500k shares, no? So if they live up to their end of the agreement, ORFR's float is now 1.5 mil.
Maybe they should announce selling their products on the net, that oughta push the stock some $10. If K-tel can do it, why not ORFR? ORFR has a real business plan, to say the least. :-))
Or maybe they should rename the company from Orbit/FR to Orbit.com. <ggg>
Quick, someone contact Mrs. Honeycutt!!!!
Zead
P.s. I'm in a jibberish mood and not becuase of today's action. Although, DELL's action in the last couple of day's might have a little to do with it. |
