written by reader Originoil (OOIL)

By Anonymous Questions, February 16, 2014

Does anyone have an opinion on Originoil? Thanks!

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

4 Comments
Inline Feedbacks
View all comments
tpdix
tpdix
6 years ago

Hi there, I bought OOIL for $.30 awhile ago and am still holding. From a technical analysis point of view, I like the increased volume in the past few months. Seems to be bottoming here at about $.20 or so. I bought because of the potential of their products.

👍 37
S Gunn
S Gunn
6 years ago
Reply to  tpdix

I have been investing in OOIL for several years and have followed it down from ~$7(before the 30 to 1 reverse split) to the teens. I think the prime mover in the downward spiral has been the warrants used to finance the company, combined with an unusual amount of short selling. I don’t think you will see much upward movement until they have a solid income stream. It will happen when Pace can get the fracking unit working. Their technology is sound and I think the market is there, so I am hanging on at an $0.88 average share price. I would love to buy more, but I don’t want a divorce.

Add a Topic
3229
Add a Topic
899
Add a Topic
996
Glen Pauling
Glen Pauling
6 years ago

I agree they have potential but I’m afraid a large company with a similar technology could put them out of business pretty fast.

AlterIn
5 years ago

Story stocks can be deep to cavernous money pits. MD&A in latest 10-q suggests their cash flow is marginal. Some money being raised by issuing stock (as several 8-k show).
Patrick Cox covered them in Mar2014 TransTech Alert, available via link at lower-rt of: http://www.originoil.com/investing

Add a Topic
5971
Add a Topic
951

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info