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Replies to post #321226 on ORIONS Money Stocks

Replies to #321226 on ORIONS Money Stocks
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Lady-baron

08/12/14 9:57 AM

#321229 RE: JJSeabrook #321226

DEJ I agree about the timing but it's also how people react to it. Most probably don't even understand the offering. The stock needs to go to 0.35 for the instuts. So after the panic sellers are gone it is my belief that the pps will go back up.
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Lady-baron

08/14/14 11:53 AM

#321539 RE: JJSeabrook #321226

DEJ a reply from management posted on MB
The funds will be used for the 2014 Woodrush development program and we anticipate a significant ramp of production as per our corporate presentation. We utilized institutional investors in order to move forward without encumbering additional debt. The discount for the transaction was calculated based on vwap (volume weighted average price) over a period of time