I want to say thank you too also to Elvis for keeping us abreast of any OPBL news. I'm trying to stay patient but hopefully soon Nordlicht's plan will be unleashed. There has to be a reason he poured so much money into this.
Sold off 60% of my position yesterday at .30. Will hold the rest for awhile but barring some big announcement this stock is going nowhere. They killed it with the 100 million authorization of new shares. Once this splits the price will go down even more. Pathetic, and I was a pro company long.
Reverse splits are hardly never good for the stock price and with 100 million new authorized shares we can count on a lot of dilution coming our way.
Sentiment: Strong Sell
Think about that though, that would be way too much dilution and say they do a 25 for 1 and bring the price to about $7 (using the current share price), that would represent $700 million in new stock. I have to believe that the new authorized shares will also be split down.
This recently went from the .40's to $1.25 almost overnight, is this a repeat.
Sentiment: Strong Buy