This outcome is a real kick in the guts and shows that shareholders do not believe in the OC story. Perhaps they are correct, but I am hopeful.
I subscribed for 140,000 shares (cost $14,700) to get a round number, and earlier sold a similar number of shares at 10.5 cents, so my net outlay is the brokerage on my trade. I was hoping a lot of other shareholders would do the same to help the company get over this period, if they were not willing to risk new capital.
We are in the hope and pray phase which is likely to last until they can generate cash from OC. I am not worried as TRY a very small part of my cash/goldie portfolio. I may pick up some more TRY shares if I can see real progress later in the year.
GLA.
loki
TRY Price at posting:
10.5¢ Sentiment: None Disclosure: Held