Oromin Explorations Ltd OLEPF

RE: Grandich on OLE

[parkssam]

Grandich is bang on.

This is exactly the type of financing a company like OLE does at this point if they're indeed a possible takeover/merger

They avoided a regular financing in a terrible junior market where they would have been raped over the coals and at a discount to share price to boot. Knowing they have critical data due out in the near term, why give a significant chunk of stock away beforehand? Outside of the actual shares sold at above the closing price Friday, you can be certain this loan can be done in trenches and at the discrestion of OLE. Now anybody who may be dealing with OLE (TGZ comes to mind) isn't at an advantage knowing their target has little wiggle room.

All this was done with just days to Christmas in mind my was a little Christmas miracle and bravo to OLE mgmt because I'm sure if they announced a private placement in the 60s with a warrant, the whiners here would be calling Chet every name in the book.

Thanks Chet and company I believe you position ourselves well for 2013.