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[AdamJ]

Originally Posted by fearles What a screw up by management. They are going broke and taking us with them.

Let me ask you something. Did you buy at $12 when they first went public or when they were trading in the $20s?

My point is this. Opti has yet to generate any revenue of real substance so, really what was the decision for buying? It's still a start up company with all the risks associated with it. Frankly, they aren't the only one's issuing shares and in fact a great deal of the new offerings by other O&G companies have done further dilution than this will to Opti.

What other option do they have? Sell off a chunk of LL to another jv partner? My advice is if you don't understand the intricacies of a start up but, want a share in LL because you believe the project is solid then invest in Nexen not Opti.

Most offerings are always at a discount but, it sounds like the brokers pushed this size of a discount on to Opti. What the exchange should have done is agreed to it with the covenant that 50% to 80% of the offering had to be sold to retail investors with no more than 100k of shares per buyer.

I'd like to know how many shares of these offerings actually get to the retail customer because I've missed out on a few which seem to sell out a heck of a lot quicker than I think.

[fearles]

Thank god I am not in that bad. I am just annoyed at their timing, the worst time in weeks and getting bullied into a ridiculous discount at that point. They must of known that it wouldn't go through. Now they have caused lots of small investors to panic because it makes them look especially desperate and their next try is going to be for even less. Meanwhile as you mentioned the little guy gets screwed over by the big guys once again.

[Saintjames]

Just been reading how bad these guys screwed their shareholders with the surprise stock sale. Would be curious to know how many of you are holding or even loading up at these prices?

[fearles]

I'm out at $2.11 and might get back in when it goes below $1.60

[AdamJ]

I'm not holding any but, I'd like to know exactly how they or any other company over the last month have actually screwed shareholders? The only way shareholders get screwed is if a company doesn't remain liquid and gets forced into a position of bankruptcy.

Look at it this way if they had issued more shares last summer then I'm sure the response would have been the same at the time. However 50 million shares at $20 would have sure been a nice cash position going into the market collapse and would have prevented the need to sell off that share in LL. The downside is we would never have seen the stock price bottom like it did.

If you're investing and not trading a company than you need to look at the big picture and for OPC that will be more dilution at another point. That I'm sure of based purely on the LL project. It wouldn't surprise me to see them around 500 million in shares at some point but, as long as the market cap keeps increasing so will the share price. All phases of LL still works out to around 100k bopd upon completion. They realistically at some point can have a market cap between $15 billion and $20 billion which works out pretty good even with 500 million shares.

The question everyone needs to ask themselves are they investing in OPC or are they trading OPC. I've done both and at this point will reconsider things from all perspectives.

[Saintjames]

Thanks AdamJ. I am an investor here, looking long, and the surprise sale/dilution seems to have done its damage with shareholders. Anyone else holding these guys still?

[Frank Drebin]

I was fortunate to sell my opti at 3.90 when they spiked and was hoping to get back in at low 2's or high 1's but am still waiting on the actual #'s for the share offering and then get back in. I just can't see an upgrader in ft mac going broke? Really this stock at this price seems like a no brainer but I'm a little cheaper to buy now than I was in feb and march.

[tws]

Originally Posted by mrdbldub Opti (OPC) has massive debt and must soon make a large interest payment on that debt or else sell another percentage of their share in the Long Lake project to Nexen(NXY) TSX. Sounds like desperate days.

That's why their price has dropped.

[Saintjames]

Ummm anyone still have faith in this company and buying at these levels?

[tws]

Originally Posted by Saintjames Ummm anyone still have faith in this company and buying at these levels?

In the long term yes.