Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The three PRs did nothing for share price
We are right where we are when after the reverse split.
Rally over .05 x .055
Doesn't MGMT have a fiduciary duty to shareholders?
Somebody doesn't want this to go up
Keep dropping the bid to .055.
Last one out shut out the lights.
Funny how the raise the ask and lower the bid
All at the same time.
That basically kills any volume. Then the ask will start to come down.
450K contract....
Largest I've seen to date.
It's really too bad if you think about it...
without the funky funding, shenanigans (3 reverse splits), and treating your shareholders like garbage this could have been a great investment.
Mich
Who knows, maybe they sit on it for a while, but it is my understanding that they can now issue 1,000,000,000 more shares? Let's hope and pray this doesn't happen. I don't understand how this can happen over and over again.
Anybody catch tha trade this morning...
We were at 26K or so and then bam 150K. Must have been a market order because it knocked this thing right off its feet.
.04 x .05
This stock drops on good news, bad news, and everything in between.
Looks like the sellers are back.
PR generated little interest. Funny how they start issuing PRs after the Reverse Split, not that they've done anyting, so I guess it doesn't matter. Like I said, it is going to be very hard to get new investors after you have treated your past and current shareholders in, my opinion, absolutely horribly. You need to issue a letter to shareholders explaining what is going on with share structure, current debt, profitablity forecast. Most of all, no more reverse splits. That's just my opnion, but hey, I don't own the company.
I mean OGOH...
Let's take everything over to the OGHO board. eom.
windsinger....
We all want the price of ONGO to go to $10.00, believe me, but the fact of the matter is, in my opinion anyway, there is little regard for shareholders. A simple statement to shareholders in a PR explaining why the reverse split was necessary and what the future is going to bring would be invaluable, but that hasn't happened.
Look at these guys...the company you just mentioned. Sounds like they are committed to their shareholders. Look at their decision about a reverse split. They even held a conference call for a shareholders meeting!!!
http://biz.yahoo.com/iw/071113/0328125.html
Okay I figured out my cost basis.....
With the new reverse split I need $1.90 or so to break even.
Can anybody beat that? lol.
winds...
You have to realize that we are stockholders. I have owned for over a year now, and have lost probably 98% of my investment. A lot (LOT) of money was lost here. The shareholders are the ones that have taken the beating in this stock. We have suffered day in and day out through all of the BS going on here. For example, today's reverse split. Did you know there were two prior reverse splits since 2004? How about the money and shares spent on stock promotion companies? Now, can somebody explain to me how the company or shareholders benefited from that spending? Go back and read the analyst coverage from August, I believe, when he set a target price of 9 1/2 cents. The price at that time was around 1/2 cent, I believe. The price yesterday was .0090. The firm was compensated for the coverage. The whole the stinks and I am madder than hell about it.
lol...
They are a technology company why would they make a container for needles....lol....
windsinger
That diabestes thing has nothing to do with ONGO. It looks like you saw "on the go" and thought they were related.
Pretty pathetic
First news we've had in ages and we go down.
This is the worst stock I've ever come across in 10 years.
I didn't think it was possible...
I am actually losing MORE money on this...
I'll be left with a $20 soon, at this rate.
Somebody dumped around 50K at the bid.
Up 44% Down 33%
The BS never ends with this stock.
Bid .02 x .08 LOL LOL
Charhorse.......
Yes, we should start trading at .045 tomorrow morning.
We knew it was coming.
This is the 3rd reverse split since 2004.
What a way to treat shareholders.
Is this how they build shareholder value??? lol.
Last PR
Didn't say anything except the facts of the reverse split. Nothing said to shareholders. No apologies for what has happened over the past year. Nothing. What a crew.
Press Release
11.4 Million Shares outstanding.
Maybe the dilution has finally ended.
It's official....
Check the SEC filings. Tomorrow we start trading with a 1:50 Reverse Split.
That's management!
Tomorrow.......
We trade at 5 cents...now we can start all over again!! lol.
Good luck trying to get new investors
Three reverse stock splits in 3 years who would take the chance if they knew the past shareholders got screwed.
Why a symbol change?
Well folks there you have it.....
Three reverse stock splits since 2004.
Unbelievable.
What care about the shareholders????
Welcome to ONGO...lol
Little advice
If you are going to buy or sell do not use market orders. As we probably just witnessed, somebody wanted to dump their 500K shares and probably put in a market order and got screwed.
Dropped 33% on 500k shares
To the guy that just sold that chunk FU!
Dropped the bid from .0012 to .0010 on one small trade
There is nothing we can do to break out of this mess.
Up 44%.............
I am waiting for the stock promotion company to start spamming...lol.
The company is real....
They just don't seem to give a damn about shareholders.
riksea...
What do you think of the sudden stoppage of Press Releases?
Have they just given up or is something going on behind closed doors?
riksea
Get ready to get screwed? What do you call the last year?
I don't care what they do to it now...take it to zero for all I care....it's pretty much there anyway. My shares are worthless.
I relied on a lot of company press releases and other material when making my investment in ONGO. I feel like I was duped as a shareholder.
Mich
I have a weird feeling something is goin on....like some big news is coming. I don't ever remember the company being this quiet and not issuing a PR of yearly results. Come on, why would they not issue a PR on yearly results? Things are just too quiet. My two guesses are (1) buyout or merger or (2) the reverse split is coming.
Pretty sad state of affairs.....
2007 Revenue exceeded $27,000,000 and there are no buyers at .0010.
How sad and pathetic.
I suppose you can't blame anybody since the retail investor has beent the one taking it on the chin time and time again.
Two prior reverse splits will shatter the confidence or notion that the retail shareholder is valued.
I've lost over 95% of my investment so I would know.