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ORNC SEC registration revoked:
https://www.sec.gov/litigation/admin/2022/34-94299.pdf
ORNC: SEC Admin. Proceeding for severely delinquent Financials: (no SEC Suspension)
https://www.sec.gov/litigation/admin/2022/34-94078.pdf
Oranco, Inc. Officially Launches Blockchain-Powered Anti-Counterfeiting Laser Recognition Proprietary Technology and E-Commerce Trading Platform
5:00 PM ET 12/6/19 | GlobeNewswire
Oranco, Inc. Officially Launches Blockchain-Powered Anti-Counterfeiting Laser Recognition Proprietary Technology and E-Commerce Trading Platform
Fenyang City, China, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Oranco, Inc. ("Oranco" or the "Company") (OTC: ORNC), a company engaged in marketing and wholesale of self-branded liquors and wines in China, announced today that the Company officially launched its blockchain-based anti-counterfeiting laser recognition proprietary technology (the "Huaxin Cellar Blockchain ") and E-Commerce Trading Platform powered by the Huaxin Cellar Blockchain (the "Platform").
As previously disclosed on press release issued on September 27, 2019, the Huaxin Cellar Blockchain had finished its testing phase and the Company planned to launch the Huaxin Cellar Blockchain platform soon.
Huaxin Cellar Blockchain offers the following advantages in terms of securing the authenticity of the Company's alcoholic beverage products: tamper-proof transaction information, traceable circulation records, and permanent certificates records. The Platform a high-end online and offline ecological system for alcoholic beverages transactions, increasing customers' confidence in their spirits and wine purchases by offering transparent pricing and reliable shopping channels.
Mr. Peng Yang, President of Oranco, Inc., commented, "Powered by Huaxin Cellar Blockchain, the Platform is a full-service system covering all transactions from manufacturers to buyers. It offers services such as product authentication, product registration, circulation information tracking, B2C and C2C transaction support, product pick-ups, and real-time trading. We believe that the Platform will serve as an exemplar model for reliable trading of premium and collectible alcoholic beverages online. It will guarantee the authenticity of our premium and collectible products while enhancing our customers' trust and goodwill."
Mr. Yang continued, "Currently, the Platform connects to AliAuctions and WeChat, which will enable us to serve a large number of customers. Through the Platform, we expect to expand our online sales channels, which will increase the number of our customers and improve the Company's brand awareness and value."
Would like to see it finally make a move.
Looking good the quarter.
Yes ty I saw it earlier but had no time to post.
Oranco, Inc. Reports Fiscal Year 2019 Financial Results
http://www.globenewswire.com/news-release/2019/09/10/1913832/0/en/Oranco-Inc-Reports-Fiscal-Year-2019-Financial-Results.html
Looks like they reduced the AS in proportion to the RS. Not sure I have ever seen that!
ORNC one for 10 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
Event Type Reverse Split/CUSIP Change
Effective/Ex Date/Time 08/07/2019 00:00:00
Subject to Corporate Action CD
Offering Type No Restrictions
Daily List Comment
Daily List Event Code DA
Forward Split Ratio
Reverse Split Ratio 1:10
Dividend Type Reverse Split
https://otce.finra.org/otce/dailyList
Thanks I am away for a long weekend. Will check when I get back.
Also found: Chinese liquor company Oranco adopts blockchain technology to prevent counterfeiting of products
https://bitrss.com/news/139500/chinese-liquor-company-oranco-adopts-blockchain-technology-to-prevent-counterfeiting-of-products
The recent Oranco news is getting out in the Blockchain community!
Yup. Found more info: Chinese Alcohol Wholesaler Testing Anti-Counterfeiting Blockchain Solution
https://cointelegraph.com/news/chinese-alcohol-wholesaler-testing-anti-counterfeiting-blockchain-solution
I guess you live and learn.
Nice to see news. Who knew blockchain tech could help in the wine market!?
Yes, I think I know which one. :)
A slight loss back in 2018, but pretty close to breaking even. But I think I more than made up for it in another stock though :)
Very nice. GL
btw when you sold, you sold for a loss?
No, but I bought back in a few days ago. I like the S-1. They've got revenue and earnings!
Thank you. Are you still holding from 2017?
Okay, let's make some money and have a toast with one of their expensive wines.
Your patience is paying off!
You're right. I misread the "Key Developments" section.
Still holding mine from 2017.
I do not Bloomberg is updated. As far as I know they are in the wine business. I think OTCmarket is more updated and their PR's indicated in wine business.
Looking good. The Bloomberg page has the latest news updates too.
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=1873748
Thanks. Saw it but was on the road so posted it on twitter. Maybe it will wake up now.
8K https://www.sec.gov/Archives/edgar/data/1098996/000121390019003218/f8k022719_orancoinc.htm
Oranco, Inc. announces increased revenues and net income for the six months ended December 31, 2018
https://globenewswire.com/news-release/2019/02/27/1743801/0/en/Oranco-Inc-announces-increased-revenues-and-net-income-for-the-six-months-ended-December-31-2018.html
https://www.sec.gov/Archives/edgar/data/1098996/000000000018038333/filename1.pdf
https://www.sec.gov/Archives/edgar/data/1098996/000121390018017258/filename1.htm
https://www.sec.gov/Archives/edgar/data/1098996/000000000018037172/filename1.pdf
https://www.sec.gov/Archives/edgar/data/1098996/000121390018016724/filename1.htm
https://www.sec.gov/Archives/edgar/data/1098996/000121390018013320/filename1.htm
https://www.sec.gov/Archives/edgar/data/1098996/000000000018029400/filename1.pdf
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