If we believe what Ron is telling us is true for the long-term investor I am thinking anything under 4 cents is heading into oversold territory now considering they have not had a chance to mess things up yet. That market appears to have lost confidence and pricing in failure that has not happened yet with their latest funding source. With the markets and oil/gas prices in the doldrums it seems OEX have pulled off this capital raising just in time. Even though the schedule seems to be pushed out to first quarter 2016 before we get any market moving results IMO that maybe in holders best interest as any positive announcements maybe lost in this market correction and oil prices that are still trending lower. The test now for OEX is whether they can deliver by the end of the year a positive cash flow situation.... I noticed in that interview his language changed from neutral position.
OEX Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
