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stewart7

71 Posts.

16/12/16

22:30

Post #: 21404150
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Originally posted by nrcmedia ↑

with all due respect 'Triage'....when I started buying shares in Orocobre the share count was a little over 100 million.....I believed like you that as long as I wasn't diluted I could live with capital raising and financial arrangements....but unfortunately Orocobre management did what most OTC companies tend to do 'dilute shares to raise capital'. I think the outstanding shares are something like 210 million now?
Well...that's a far cry from the 100 million or so issued when I invested in 2013. So your point is well taken...hopefully you can see mine as well. The company has been diluted by 100% in outstanding shares over the past 3 years. Do you call that 'good business practices?'

If they had reached nameplate production and were making shareholders a profit from all that dilution I could applaud it....but the fact is...no one has made any money except Orocobre management, their Japanese partners, and the partnership in Singapore. You might want to spend a little more time reading 'everything'.

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