The secret to creating a valuation is the value of the major shareholders.
OD6 majors have no profile and no eagerness to buy more stock, even just to sustain a reasonable market cap valuation. they came in free carried and that’s the way they’ll stay. The test for them will be when the have to put their hands in their pockets for a fundraiser. Will they be prepared to do that? Do they have the means to do that.
Gerry Harvey in MEI has. Where is a Gerry when you need one?!
OD6 Price at posting:
14.0¢ Sentiment: None Disclosure: Held
