That rumor is rubbish for three reasons - excerpts from last CC in May:
1. First, I'm pleased to report that we made our semi-annual interest payment of almost $15 million on our senior notes last week. Secondly, we were also able to secure an amendment to our senior secured credit facility that will effectively help increase our revolver availability until mid-July, and therefore allow us to continue to execute on some of our cash initiatives.
2. Despite this revenue pressure, we improved operating cash flow on nearly $7 million compared to the first quarter of 2015. In addition, we reduced our cost of revenues by almost $14 million to counter these revenue headwinds.
3. As I previously mentioned, the market contraction we saw in 2014 and 2015 appears to have abated and we're cautiously bullish about our prospects in the latter half of the year.
4. In addition, we've seen an increase in our pipeline which is slowly turning into backlog as evidenced by our multiple contract wins in the last three months. Less
Soome gamers - likely funds that own the stock took control of the stock and managed to short enormous shares vs float since the rinup to $2. Funny enough, they may have done well covering some with the scare trading tactics. I'm in with 14k and will hold it forever. Plan to start adding to it under $0.50
Bot some at $0.75, looking for more as I watch it. But with 172k traded you can see that someone is playing hard game...the real owners are watching ans smiling (they last reported almost 14 million shares)
Hmmm. The Living Hell has arrived. That's not a good sign
This guy never agree with mean on anything. I bot Valeant and he says it's rubbish. I bot Freeport and he says too much debt. I bot RUN and he says it's overvalued. I bot TSLA and he says...car is great, stock is garbage. So, yesterday I told him I was loading ORIG after the result. He initially dismissed it. Then just before 8pm, he tells me "Well I have to agree with you on this one. And I bot 5600." I cracked up.
We are not going anywhere. I have 7400 shares. Bot 2000 yesterday and 5400 today.
Someone recently bot this at $26 ---- right????
Thanks. I bot ORIG today at $2.27. I believe it is straight to $3 before any pause. Lots of shorts but the CEO is fighting like mad. And he has money plus owns nine percent of the shares.I am still watching HERO for sudden price movements before deciding to jump in.