InvestorsHub Logo
Followers 495
Posts 21169
Boards Moderated 1
Alias Born 03/29/2010

Re: None

Friday, 05/09/2014 9:37:34 AM

Friday, May 09, 2014 9:37:34 AM

Post# of 50877
Reducing Authorized Shares
As explained in the past, the current authorized share structure actually does not currently support our debt obligations. We had to undergo intensive negotiations with our creditors, whom over the years invested millions of dollars into Oriens’ development. With the advent of an unfortunate occurrence during the first quarter, our footing and momentum was briefly lost for a moment. However, given our recent success in Costa Rica, we are back on schedule and our creditors are much more confident with the strategies we presented as a means to service our debts. Thus, we are now able to complete this task. Originally expecting to be able to accomplish this reduction by the end of the May, we are definitely slightly delayed by just approximately 30 days or so. This meaning, we should be able to see a reduction in the authorized shares (by a few hundred million shares) by or around the end of this quarter.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MSSV News