OIP 0.00% 4.3¢ orion petroleum limited

oipo no chance of getting in the money, page-6

  1. 1,879 Posts.
    jtaylor1; totally agreed. TP needs to base his assertions on facts

    Who might be promoting GGX and GGXO? - The management. Three main shareholders out of 20 include: Mr Morton, King and Munns. How much do they own? - about 36% of all GGX shares (49,092,172) and 72% of options (27,646,086)

    Since GGX has not exciting prospects and a little money in Bank, the best solution for those GGX major shareholders is to merge with OIP. It would guarantee them a favourable rate of conversion (1OIP=2.25GGX) instead of loosing everything if GGX was broke. What are the consequences? - we OIP shareholders will be diluted and receive projects, which have no actual prospects. Unbelievable.

    nj
 
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