Oidon Company, Ltd. (OIDN)

[Spellbound]

Maybe blind. But, I am encouraged by:

1) Six Joint Ventures will probably reduce the need for further dilution of shares.

2) The stock is very cheap and highly leveraged. If you think that the company will go out of business, stay away. On the other hand, if you think that the company has a future, the downside risk is less than half a penny per share! Where else is that true?

I don't have a crystal ball, so I do not know when the price per share is going to reverse trend. To compensate for that fact, I just dip in a little bit at a time. When and if the pps starts reversing, I may still dip in from time to time because I still believe that all of the prices I bought at were good prices compared to where this should go someday. My last purchase dropped my average cost per share below a penny. I needed a gold investment for diversification. I just don't see one more attractive at the moment.

HTH