OGX 0.00% 0.3¢ orinoco gold limited

CR=Convertible Note, down she goes, page-2

  1. 198 Posts.
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    Kirbie

    With all due respect several of us in the minority have been saying money is needed asap and have been continuously and ruthlessly attacked and reported by buy sentiment holders that were just downramping

    We haven't been
    It's there staring you in the face
    8 million dollars at a 15 percent interest charge equates to 240 million new shares and MASSIVE DILUTION.

    Holders need to understand, some wont, the effective dilution this creates. A convertible note should also be converted to shares at the current share price minus any interest due to give an indication at today's level what dilution this is.

    Suck it up. You're a holder. If you dont like holding sell. I AM NOT BUYING.

    You'd be crazy to own this stock right now
 
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