Long time no post… sorry. It was difficult for me to see OM fell to .006.
Updates:
Facts:
1. Annual Stockholders Meeting held last 30 May 2008 was adjourned due to lack of quorum.
2. In a disclosure to PSE, Omico sent notice of a complaint filed by Astra to SEC against Omico on alleged violations of the company By Laws and the Corporation Code.
3. MPSA is still with MGB-DENR.
4. Contract with Ivanhoe is still a contract.
5. No scheduled date yet for the new stockholders meeting as of today, 13 August 2008.
Chart:
1. August 6 breakout had volume of 728M.
2. Price is King. It moved from .0095 to .012 on the same day. Who was the top buyer?
3. Watch the King. Watch his Highness.
Warning:
1. While the site is beside Philex, I have seen no due diligence review to value the mine.
2. Due to the speculative nature of the stock, there are only two things: All or nothing / Do or die.
3. The price fell from .024 to .006. It is now at .011. The stock moves once in a blue moon, so watch its next move and decide whether you want to sell or hold.
Final message:
1. Trade the chart.
2. Chart is indestructible.
3. Always believe it.