Oidon Company, Ltd. (OIDN)

[panning4gold]

neggerO, I see what you are saying and completely respect your opinion, but I still can not get excited about a R/S.

I personally think one way people will get their money back is if they average down. I have many shares @.05 still and have averaged down and I can say that my average is low enough now to where as on the last run up I was actually in the green. I did not sell because I am waiting on larger returns in the future.

If the company can put out some well needed news about hiring a geologist to verify gold we can start to move. We may have a nice 3 day run up and then people will start to take profits, but it will settle higher than the previous lows and get ready for the next leg up and so on with more news.

Another way to get our money back is if Ken Lamb could decrease the O/S by doing a share buyback in the open market. That would increase share value without hurting the current and loyal shareholders and could possibly cause a short squeeze.

I will continue to hold until I can reap the tax benefits of a "long" position on All my shares.

panning