OGX
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0.00% 0.3¢ orinoco gold limited

You are 100% incorrect about 'disgruntled' shareholders screwing...

  1. KirbieCat
    1,794 Posts.
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    10/04/19
    14:32
    Post #: 38080683
    You are 100% incorrect about 'disgruntled' shareholders screwing things up. It is ILLEGAL to trade while insolvent.

    Current liabilities greater than current assets = insolvency.

    OGX were/are well and truly insolvent.

    The blame for this fiasco lies directly with past Board Members and the conflicts of interest with financiers, and their thinking that paying approx 10x the industry average costs for a cap raise was acceptable.
    OGX Price at posting: 0.3¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 19  Upvote
    lightbulb Created with Sketch. 5  Great analysis
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