So in the last three years Orocobre management has just about doubled the shares outstanding while creating almost no revenue. The lack of revenue would be understandable and acceptable if management hadn't kept issuing more shares to pay themselves. You see the amount of money that has been misspent has come from 'sophisticated investors' pockets....not the pockets of management. Or you might call them 'sophisticated bagholders' at this point. If someone can give me a rationalization of how a company can raise the money to build a mining and processing operation and be this far off the mark I would like to hear it. That's about $320,000,000 Australian over budget or really unanswered for if you figure in the added 100,000,000 or so shares in the past 3 years that have been added. I hope the large shareholders have the stomach for a huge write off in the coming years. Just a little dose of reality for the cheerleaders here.
