We know because some people can't help themselves and they let others know. It has become painfully obvious that Blue, whom has built a following on ihub and does typically do some decent initial DD on his plays, also likes to front load shares to the tune of several million prior to alerting his following. Once alerted they bring volume to the stock and he then sells into that volume. In the case of ORFG he was alerted by another stock promoter, Logical Cash who alerted many folks to ORFG. When Blue came in he bought in heavily on the misguided notion that the lid was set to blow on ORFG within days. Obviously only the company can decide when it will release information and during a regulatory review period for the name and symbol change there are attorney's that will advise a company against making certain forward looking statements. This said the news the company did provide was not what the market flippers that followed Blue and LC and BIG group, and others to ORFG and the ensuing sell of is a direct result of their collective impatience for what is certainly commonplace for a company in the midst of a merger, acquisition, or name and symbol change, etc.
A POS flipper/seller wants out at low prices and they will bid whack in order to exit. Shorting is not likely the real culprit here however when this bid whacking is present it certainly invites the opportunity to do so.
F Blue and F LC IMO. They do more harm than good on any play they are in as they bring volume out as quickly as they brought it in. In a low float, thinly traded stock like ORFG this is a temporary set back however one must recognize that the company is fundamentally stronger today than it was when the stock ran to .095
WHY? Because now the company is on the very cusp of the new name and symbol and because of the appointment of a new CEO whom is very experienced in the Oil and Gas industry and comes with a pedigree of Geological expertise. Additionally there are new acquisitions that have been made and also are being pursued that will bring tremendous value to shareholders given their asset value.
Those sellers don't take the time to do any DD and ironically their wishes, if realized, would be a real red flag as the quick flippers are only looking for some padded numbers and earnings estimates to be released so they can prompt volume in which to sell off their shares.
Instead ORFG has been conservative and wise in what it has released.
Ask yourself where the "pump" was if this is the dump. And what kind of dump is it that only amounts to a few million shares?
This is low volume bleed-out because of a few bad apples with no patience.
The DD here is solid. The company is poised to provide some real insight IMO, but I will bet a dollar to a donut that no mind blowing news will come out before FINRA releases the new name, symbol, and associated CUSIP changes that will open the door for updates on company acquisitions, assets, and the status of the dividend.
We are close. Those sellers are going to feel so very stupid. Normally I would not give a shit, however since so many then chose to attack the company for unwarranted reasons I now only wish then pain and emotional suffering.
GLTY
$$$ORFG$$$
A POS flipper/seller wants out at low prices and they will bid whack in order to exit. Shorting is not likely the real culprit here however when this bid whacking is present it certainly invites the opportunity to do so.
F Blue and F LC IMO. They do more harm than good on any play they are in as they bring volume out as quickly as they brought it in. In a low float, thinly traded stock like ORFG this is a temporary set back however one must recognize that the company is fundamentally stronger today than it was when the stock ran to .095
WHY? Because now the company is on the very cusp of the new name and symbol and because of the appointment of a new CEO whom is very experienced in the Oil and Gas industry and comes with a pedigree of Geological expertise. Additionally there are new acquisitions that have been made and also are being pursued that will bring tremendous value to shareholders given their asset value.
Those sellers don't take the time to do any DD and ironically their wishes, if realized, would be a real red flag as the quick flippers are only looking for some padded numbers and earnings estimates to be released so they can prompt volume in which to sell off their shares.
Instead ORFG has been conservative and wise in what it has released.
Ask yourself where the "pump" was if this is the dump. And what kind of dump is it that only amounts to a few million shares?
This is low volume bleed-out because of a few bad apples with no patience.
The DD here is solid. The company is poised to provide some real insight IMO, but I will bet a dollar to a donut that no mind blowing news will come out before FINRA releases the new name, symbol, and associated CUSIP changes that will open the door for updates on company acquisitions, assets, and the status of the dividend.
We are close. Those sellers are going to feel so very stupid. Normally I would not give a shit, however since so many then chose to attack the company for unwarranted reasons I now only wish then pain and emotional suffering.
GLTY
$$$ORFG$$$
