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Orex Exploration Inc. V.OX

"Orex Exploration Inc is engaged in the exploration of gold mining sites located in Nova Scotia, Canada. The Company owns goldboro project in Guysborough County, Nova Scotia."


TSXV:OX - Post by User

Bullboard Posts
Comment by desiboy420on Mar 28, 2011 2:25pm
202 Views
Post# 18351024

RE: RE: RE: RE: Reverse Split

RE: RE: RE: RE: Reverse SplitManagement & Insiders own or indirectly/beneficially own most of this company.  The 40%-50% of shares that are not held by them are held by close friends and confidants (Including ~10% to Levesque and ~10% to OSK). This company doesn'tt have to answer to a huge list of retail market holders (even though there is one), mutual fund holders or institutional investors.They are pretty much acting like a private company that is beholden only to one or two of major shareholders.


Sailor, in your previous posts you mentioned that there are over 4000 shareholders of Orex... that's a lot of shareholders to answer to...

According to Mark Billings, Mangement & Insiders own 64,000,000 shares that works out to be 30%...

P.S thanks for the tip on Argex...





Bullboard Posts