Thursday, August 01, 2013 3:53:58 PM
That being said, as far as I could find, Altounian was only involved briefly back in 2008. The only thing I could find was in an SEC document that had Altounian listed as someone who was holding OOIL stock that sold, i guess as part of a private placement. It shows he had about 25,750 shares at a value of $2575. small potatoes. considering many people on the same list had the same amount or more ( a number of them with shares in the millions) I think it is an unfair for you to SCREAM Altounian this Altounian that, when it seems as though his involvement was minor and only at the early stages 5 years ago. I have found no proof he is still involved in any way, or in any way since that brief moment in 2008.
I also wanted to re-illustrate my previous point about Biofuels/renewables being a very hard sector to be active in.
finance.yahoo.com/echarts?s=OOIL+Interactive#symbol=ooil;range=my;compare=gevo+szym+amrs+cere+fslr+biof+cdxs;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
Here are a number of the most well known Biofuel/renewable energy companies. As you can see, the market has not been kind to any of them, and they all follow the same trend, to varying degrees of loss. I can only name a few, such as:
REGI
RTK (RTK hardly counts, as all there money comes from dividends from there 60% share in a fertilizer company. the recently canceled operations in biofuels)
FF
synm (their success remains to be seen though)
My point is, there is no need to get on hear screaming about altounian and Toga parties non stop, when you do not have a full perspective on what is going on. I will probably believe you, if another Reverse Split comes up, or price tanks overnight (like many of altounians do; massive spike/pump, followed by instant crash.) or volume just completely dies out(i.e. less than 1-2 thousand per day)
I think we will all know by the end of the year weather this company is a complete failure. But I will not count them out entirely until I see results or lack there of from the stuff going on with CWT/PACE. time will tell...
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