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This stock trades very odd.
Makes sense - I am pretty sure there was a lot of dilution going on right? 215 million shares and the price hardly moved. Hopefully the big quantity sellers are almost done so we can make a profit.
I saw the same thing ... it was like at 170 million sold and then went way up to like 215 million - I was curious if I was seeing right. Didn't quite get it.... hopefully insider trading and we break a nickel tomorrow.
Otherwise there was millions being sold as a wall - Almost all the shares traded and we barely moved.
I don't know how you can be so optimistic. They were in trouble previously back when they were still reporting regularly. Yes they have companies making revenue, but they were losing money. Oclg was never cash flow positive. It was a hopeful play, more legit than most, but barring some legitimate financing this thing looks like toast to me. Dump em and buy .0001's for a lotto play or move on.
I noticed both of these things myself. Especially Orca and master bidder. We shall see if they release the Q on time. If not it's pretty evident the wheels have all fallen off and we are gonna be holding our number of shares x"s .0001. Good luck
Doesn't it just look like people are dumping shares? Aside from petty day trade bounces this has been dead money since February. I don't see how shares being dumped for .0024 is a good thing
I am no expert but the guy gave a 45 day timeline in February. Its gonna be July soon. Also this could be the novice in me, but the guy touts eliminating debt, paying off notes, buying companies making bringing in double what OCLG does in revenue, and is going to buyback shares. I'll admit I am fairly new to this game but doesn't this guy sound a little bit like a used car salesman?
Buying two companies quadrupling your revenues, reducing company debt and buying back shares all in one or? It sounds ambitious.... Or more like smoke and mirrors to me.
Well I've reduced my position bigtime down to 200k shares . I'm gonna let it sit until it pops or goes bust. $600 + investment. Gonna forget about it for a while see what happens.
I like the confidence. Although I lack your level of confidence.
Why not wait until .0005. What is to stop the slide?
I did the same thing. I am waiting until news this time as I took a moderate loss selling below what I bought for. I feel like a fool for giving Mr. Erwin more of my money lol. He talks a great game but when looking at the financials I am not seeing it.
How are you going to buy a company that has double your current revenue, buyback shares, and reduce debt all at the same time? Sounds like hot air to me....
This would make sense. Give yourself a handsome raise, get buy in from shareholders with good pr"s then run it into the ground and move on a rich man. We would just be working for Ol" Roy all day
Can someone explain to me why the CEO doesn't pay a few advertisers and pump the stock? It seems to obvious to me, there must be something I am missing. What is the downside?
I'm thinking that if the acquisition happens next week, the press release announcing 15 million in annual revenues and him spouting off about his pursuit of shareholder values should bounce us up into jackpot status
You know, amidst all this talk of pursuing shareholder value, I find it ironic that the CEO literally runs a company whose purpose is to blow steam up a human being"s rear end. It brings new meaning to phrases commonly associated with penny stock.... Pump and dump, the ask.... I just hope this gamble of ours yields at least my money back at .0052
That was uploaded in 2008.
Lol, thats what got me in. His pursuit of shareholder value and reduction of convertible shares strategy. This dude better be making an acquisition with all this dilution or it would be hard to not see him as an outright fraud. He also said in the acquisition update that they had to change their strategy to avoid excessive dilution.
And his "continued financial improvements" pr from the last filing showed relative stability in revenues and gross profit with minor increase but 25% dilution or 170M to 233M outstanding shares of the company in 3 months. How is that continued financial improvement?
Maybe for the company as far as outright debt is concerned but certainly not for the shareholder. And I believe his two fold strategy is to keep dilution low and nourish shareholder value.
I will say, if all of this dilution has been to acquire the new company which triples our revenue, we may come out ahead and he may save his reputation. Otherwise I'll send him a card congratulating him for running a great scam lol
March 16th
Wayne Erwin, the CEO of OCLG stated, "We continue to make significant progress with the closing of the acquisition. We were required to adjust the funding strategy to avoid excessive shareholder dilution, complete the acquired entity's financial audit and, lastly, we are now in the final underwriting and due diligence process required by our new lending partner."
The company has two (2) primary objectives when reviewing strategic acquisitions in medical products and distribution. The acquisitions must:
1. Accelerate our company's growth with a core platform for medical product sales and distribution across the U.S.
2. Exhibit a solid track record of revenue growth, healthy earnings and free cash flow.
Erwin continued, "This acquisition certainly meets our criteria and post-closing, and would position OCLG with a total of $15.6 mm in annualized revenues, positive earnings and operational cash flows. We also are in the initial phases of our due diligence with an additional Home Medical company that has $10.2 million in annual revenues. The acquisitions along with our operating subsidiaries in health services and medical devices will support our strategic objective to achieve $35 million in annual revenues and $3.5 million of positive EBITA in FY 2015."
Really hoping to hear something soon
Over 1.5 million on the ask this morning at one point. Acquisition happening, hopefully...
For all the talk about paying down notes before they are converted and pursuing shareholder value - I really hope the dilution currently happening is for the acquisition.
Well if we make this acquisition of a company with 10M yearly revenues which will triple our current revenues - even if we dilute 50% the shares should still be worth more as the revenues are outpacing dilution. I hope.
I'm hoping the 20M shares a month being put on the market are for the acquisition which would triple our revenues. If not the company has been diluted at 10% per month for the last three months of reported time. However the company does not have a track record of dilution. 170M - 233M shares as of last reporting period is the biggest jump this company has seen. I wanna hear news about the acquisition by May or I am not gonna chase anymore. The new company would make oclg. Anyone know of when the updated dotolo product hits the market?
Would be really nice if some stock promoter bought a bunch of shares and ran a pump n dump.
If we go back down to threes I am going to have to load up another few hundred thousand shares. I really believe this will spike at some point. Hard to believe I wont get my money back out buying at three, I may grab a million shares at that price if they become available
Right, I am a complete novice but this is what I have gathered and some conjecture. Wayne Erwin was the Ceo of Dotolo, which was popular but didn't carry the best margins.
It seems that maybe the merger of dotolo and OCLG and following acquisitions are aimed at getting revenues to get Dotolo off of the ground. Perhaps there is big potential with dotolo (Contracts with the VA) or other major hospital networks.
It said in the recent filing that Amian and Esteemcare are already cash flow positive but that dotolo is not. This makes me think that Mr. Erwin believes in the potential of dotolo and thinks its worth diverting the positive cash flow from the other entities into dotolo. Otherwise why would we not ditch the weight.
I looked Wayne Erwin up on linked in and along with being a combat vet (field artillery) he has a lot of experience in getting government contracts, in the medical field, and in medical holdings.
This leads me (in my extreme novice opinion and pure conjecture) to believe that he acquired all of these companies assuming debt to gain enough revenue to give Dotolo a run at becoming profitable which could lead to a market take over in colonic irrigation. I think his vision is a successful business trading on NYSE or Nasdaq with unlimited growth, but it is all risk potential reward at this point. OCLG is amassing debt to gain revenues quickly and IMO he is against the clock to get Dotolo where he wants it. If successful, maybe dotolo, and all of the supporting products could be picked up nationally which would lead to astronomical projections for this stock. Adversely maybe we keep amassing debt and keep acquiring new debt but it doesn't get profitable quick enough and OCLG goes under
I could be way off base on all of this but I think this thing has huge potential but is very risky. I still think its crazy that with the positive revenue, as well as assetts that the selling point is in the .004's. I think OCLG should pump the stock personally as OCLG has a lot of potential and should drum up more interest than these other worthless penny stocks that get so much influx when pumped.
By the way, I am a complete novice and anything I say should be disregarded. Don't take my advice - I am not qualified to give advice. I could be completely off base and wrong with all of this.
I sure hope you are right. I am probably risking more than I should on this. I just can't get over the revenues and potential. Sure there is risk but this company has more revenues, assetts, and employees than some companies trading over $2.00. I wouldn't mind if Mr. Erwin advertised a little bit.
Inside Man.... why did you call this a scam? They are filing with SEC. Sure their dotolo may not go profitable and may sink the other positive cash flow, but why would you suggest this is a scam. I see a company that is making a serious go of it, and if they can make the redone dotolo profitable there is a potential for this stock to actually make it on the big boards someday. Please do explain.
Exactly. I am kind of curious as to whether or not Mr. Erwin is going to consider advertising the stock. I think for a few grand he could really bring attention to this stock.
With all the pump of and dump garbage out there why not stir up some interest in a company that has significant revenues.
I am also curious as to whether or not OCLG will keep dotolo. If Zambian medical, esteem care, and our other acquisition are all cash flow positive why keep investing in dotolo? I'm thinking if he lands a VA contract and has the capital to fill the order this thing could go through the roof , but seems to dead weight at the moment
Has anyone been able to dig up what is happening with Dotolo? It seems that for the company's LONG term success its all about how fast the dotolo subsidiary can gain profitability. Any information on that would be quite telling.
It would be nice if OCLG could reach profitability. If that happens then I would imagine this thing could blow up. It will be at least 2016 before this happens however.
Good Luck, hope it blows the roof off of the ask!
SOG, thank you very much for the info by the way. Truly appreciated.
There is almost a million share roadblock at .0050. If this gets eaten up I am really curious as to what the near future holds. Could we get back over a penny, or even 2?! Its about time to reap the harvest!
Also could it be possible that before our new lender gives us new money for the acquisition they want to see our current debt paid? So we could be converting old debt to satisfy the lending requirements of the lender for the new acquisition? It seems these could be reasons for the sell point. My other question is why would a former lender sell their new shares for so much less than what was offered? The stock was over a penny recently .
This Nordstom person waited 2 years to be repaid. Why not wait another few months to finish selling shares at .0075 and add a quarter more of your loan to your wallet?
Thanks for the information. So basically they are paying off as much debt as he can without diluting but the company is unable to pay all of the debts in time which results in unavoidable dilution. I'm curious as to how substantial the debts are - and are these old debts listed In the balance sheet listed at the top of this we page?
Two questions from a complete novice.
1. What are the potentials for a stock like this assuming they beat the debt and become a consistently profitable business with 35M in revenues, meaning dollar value potentials, upgrading..etc
2. Do a lot of penny stocks look this good with such a low value? This is my first investment experience and I have about 200k shares which is a couple months of savings for me, I have just followed the market for a while and this one seemed to stand out as having real potential. So basically is this the routine for a company to present with such potential only to dilute or fold?
3. Why do they keep acquiring new companies before eliminating old debts?