179 million private placement shares (29.9% of current shares) coming in to dilute 30% of the EPS.
Not to mentioned together with 18 mil warrant shares to the current 95 mil warrant shares. If all warrants converted to mother share (113 mil in total), the EPS will be further diluted 15-20%.
Orion is a good prospect company, I doubt could its earning able to catch up with addition private placement shares and warrant shares (which expired in Jul 2022).
It may faces heavy selling after the private placement took place somewhere next month. I sold half of my warrant and sold all mother shares. Waiting for it to goes down before I start collecting again.
For some of you who don't know me. I wrote up on Orion in Dec 2017 when it was 0.12, went through the period of 0.12 to 0.9 to 0.4 back to now.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pang72
51,533 posts
Posted by pang72 > 2019-03-25 09:47 | Report Abuse
Today closing 23cents?