Capital - exactly my previous point. Why would someone pay $30k for such short listed options? If you look at the whole picture, it's quite a good one in my view:
OGY has $4.8m in the bank and is a shell looking for an acquisition.
The major shareholder here, Tony King; was chairman of MGB which has recently completed the acquisition of Whole New Homes which resulted in 100% upside for holders of the shell.
So management has proven experience in re listing in to a shell with a brilliant outcome.
I state again, that given the re compliance rules I think we should at least see 100% upside from current levels in OGY.
Remember - recomiance for a 'back door' listing is 2c. So buying at current level is golden IMO.
FRESH
Capital - exactly my previous point. Why would someone pay $30k...
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