Quote:
Originally Posted by Houdini
This doesn't make sense. The average daily volume for the past 30 days was 60,973 shares a day. The average daily price for the past 30 days was $0.10 http://finance.yahoo.com/q/hp?s=ORFG...torical+Prices
To buy $50K, at an average price of $0.10 cents and with the daily volume of 60,973, you would have needed to buy EVERY single available share 30,486 (since you can only buy half of what is traded), for over 16 days straight to buy $50K in stock, because you would have only been able to buy $3,048.65 in stock each day. That means for 16 days, no one but you bought any. Since you bought another $50K "last week," that means for the past 32 days, you were the ONLY buyer.
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Full disclosure: I bought the stock in a 50k block to the original private investment group at < .10 a share -- and then loaned 50k towards to company as a 90 day loan for operations at a very nice yield.
This guys have made a grip and cash over and over. They will do it again.
That being said, it's risky. I (you) could lose everything, on the flip side - you can make a shit-ton if you time things right.
I have a good feeling on this one. If you have some disposable income you'd like to turn into more I think it's a great opportunity.