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Re: thediligizer post# 1139

Friday, 04/22/2011 4:20:18 AM

Friday, April 22, 2011 4:20:18 AM

Post# of 10197

A CEO who makes over $300k a year, plus sells shares (yes publicly disclosed), spends lots of cash and stock on promoters (Money TV), dilutes existing shareholders year over year and rehashes the same announcements with spins here and there. Anyone who has been in the market more than at least one full economic cycle can recognize what is happening



I have been invested in OOIL for a number of years now. I have made money, lost money and broken even a number of times with the stock! I have in turns been delighted and disappointed with what they have acheived to date. Throughout that time, however, and despite a good deal of research and Due Diligence I have never had cause to find complaint with Mr Eckleberry's leadership of the company. Riggs is a genuine enthusiast advocate for Originoil and its technology. To the best of my knowledge he has not misled shareholders in any way during my time invested in his company. He is a telegenic and persuasive advocate for the Originoil and has made huge strides in giving us the publicity and profile we need to make progress in this field.

Riggs would be the first to admit that we are still some way from acheiving our full potential, productivity and profitability. He is on record saying that this will take time, hard work, political will and a few good breaks. From what I have seen, particularly in the last year, he and the rest of the board are doing what it takes to reward all those invested in the company.

Thank you for your constructive criticism by the way. Dissenting opinions, as long as they are respectful, will always be welcome as long as I moderate this board. Forcing investors to justify their decisions and deepen their DD is rarely a bad thing in my opinion. A worthwhile investment and a genuine company can stand up to criticism and scrutiny.

My advice, for what it's worth - give it a year to 18 months to see what Originoil is really made of.
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