What happened to OGX and Eike Batista????

OGX, the Oil company of Eike Batista, just went from BRL6,73 per share to BRL 0,56 today.

That brings us to the question: “What the hell happened to OGX?”

This company went to market before going operational in a very competitive market wich is oil prospection and exploration.  After one year and close to it’s operational level, they discovered that their oil deposits could end next year.

So for those who are starting to invest, I would recommend mr. Buffet advise: “Invest if you believe at the product and the company, because if the product and the company are good, you will succeed”