People who short sold Origin with knowledge of cap raising should be jailed and banned from trading, page-4

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01/10/15

16:06

Post #: 16099046
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Originally posted by madamswer ↑

Lenny,

Is it not possible that people who are financially literate read the company's financial statements and concluded that the company was excessively geared which would inevitably require the issuance of additional equity?

You didn't have to have inside knowledge to form the view that the company's management had over-committed the balance sheet; you could simply have worked it out using a calculator.

After holding ORG for many years, I sold my stock some time ago for the very reason that I came to the view in 2011 that the board was being reckless in pursuing growth by taking on a project that was too big for the company which would leave the company over-indebted and vulnerable to poor execution on that project.

So should I now be investigated by ASIC?

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madam's right. They are incompetent not criminal. IMO should hand back all bonuses/free shares and fall on their swords, but suspect i'm dreaming.

ORG Price at posting: $6.10 Sentiment: None Disclosure: Not Held
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Last $12.00		Change 0.000(0.00%)		Mkt cap ! $20.67B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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No.	Vol.	Price($)
1	1	$12.90

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Price($)	Vol.	No.
$11.40	28	1

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No.	Vol.	Price($)
8	591	11.960
3	565	11.950
4	1821	11.940
11	2595	11.930
6	1987	11.920

Price($)	Vol.	No.
11.980	328	6
11.990	450	2
12.000	4318	10
12.010	2232	8
12.020	3181	11

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People who short sold Origin with knowledge of cap raising should be jailed and banned from trading, page-4

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