I know this is tragic about ONVO pushing more paper and driving the pps into the pits at the expense of many naive investors who bought that paper, but on a humorous note, some of you guys deserve what you are getting, just by what you say.
$19, are you sure? As I remember years ago, he had bought at around 13, unless he added since then. What is his strategy being so deep in the hole? I just bought at 12, thinking that might be a bottom. Obviously I was wrong on both counts
I hope you are aware that our friend Fritzie is from Newton Mass. That ought to be a clue to you that he may have a connection with RMR.
Nightowl, You might have acted on my first post and saved a bundle, rather than open your mouth with "lables" garbage. May the Gods of WS be kind to you! GL
If you think about it, the underwriters did a good job kicking the pps to $5.50 and then offer the new shares at $4.25, a 23% discount. That alone ought to tell you that they are desperate to take more $$ from the little fry like you, only to gamble with it at your expense. The only hope you have is for this little outfit to be bought by big pharma, because their chances of making it on their own is very, very slim IMO.
Tried to warn you all. Some of the folks on this board are married to this stock. You can take a horse to water but you can't make him drink. Anyway, GL. You will need it.
Dated June 13:
They have been saying this for a very long time that their business is overly dependent on weather and 80% on sale of propane. IMHO the acquisition of the Inergy propane business after 3 years has not gone very well based on increase of total revenue and net earnings. On the plus side their distribution appears to be safe. They should have diversified.
I will stay with it, so far on the green side. GLTA
Reilly, IMHO, I don't think his comments are going to start the firecracker because he is hiring on the come (new contracts). I have to say he has guts and is a gambler, but when I look at the next 2 years I see big risks and no different than rolling the dice at Las Vegas, where I don't have to wait 2 years for my answer. GL
Not worth keeping any longer. Too many problems next 2 years for ONVO, cash flow biggest risk , and market headed for possible correction. Long term ok, maybe 3-5 years out. GLTA
Thank goodness, what a way to relieve. I'm impressed! Now if ONVO would go up a few points......
You didn't mention that you had a #$%$ chat with L'Oreal and ISIS on all this! (lol)
Reilly, I agree with you on the potential of ONVO, but it seems that you are delusional here. GL
rc: This is very enlightening and thanks so much. Your comments make me wonder whether further buying is warranted considering the high distribution. My 6th sense tells me that any additional positions should be at