RE:RE:RE:RE:RE:RE:RE:warrants - extending the Exercise Period to August 3, 2020My gut tells me the unbridled enthusiasm on the board and groupthink is a contrarian indicator. The stock market has a tendency to punish a cheery consensus.
Everyone thinks that the stock price will skyrocket when Oroco starts the 3DIP drilling, just like everyone thought the stock price would skyrocket upon formal registration, just like everyone thought the stock price would skyrocket when the legal issues concluded.
I think it will take herculean efforts on the part of the Oroco management team to raise capital in this environment, and the company will have to make much more significant price concessions along the way than folks are expecting (investors will drive a very hard bargain). I also think that a massive share count (150-200 million shares outstanding) will help to depress the share price.
We'll see. I hope I'm wrong.