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charhorse

03/18/08 10:15 PM

#2578 RE: charhorse #2577

Do you think this chart looks like this because it was such a great company?
http://stockcharts.com/h-sc/ui?s=OGOH&p=DAILY&b=5&g=0&id=p36357556986
They just unloaded a huge pile of debt that they had no hope of ever paying off, there weren't enough shares left
Since their last reverse they went from 11.4 mil o/s to 370,858,571 in about 5 months.
Even with an a/s of 1 billion + there weren't enough shares to pay off the existing debt.
I'm sure this company can do so much better.
http://www.merriam-webster.com/dictionary/sarcasm

DayofReckoning

03/18/08 10:18 PM

#2579 RE: charhorse #2577

or a bitter shareholder..too bad..eom