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Dear Investors,
It is unfortunate that as a company, we are wasting time and money in court, and through emails defending the company and our investors, from a myopic view, that has hampered the success of this company in the public markets.
As the company sees it, Mr. Buonincontri continues to play games with investors’ and employees’ money and lives, citing sentences from legal proceedings he uses out of context to support his attacks on a company he has invested in, along with his family, and received consulting money from in the amount of $50,000.00 dollars. Instead, of moving forward in positive ways to benefit all investors, which would include himself and the small minority he represents.
The company wants to make the following remarks as it pertains to the reason for this last hearing, and its outcome, as well as the future of this litigation.
Much claim has been made to the wrong doing and potential securities fraud of previous management, that required a complete an immediate disclosure of financials to Mr. Buonincontri as the purported note agent. Mr. Buonincontri at that time, approximately a year ago, also filed to place the company in Receivership using the public exposure of these financials as a prerequisite. Judge Welty, a previous judge made a ruling, that our current judge cited in his current rulings, and I quote:
While the Court has found that the company was delinquent and incomplete in its financial reporting and had poor financial controls, the Court has found no evidence of fraudulent conduct on the part of any officer of the company or that the company assets are likely to be concealed or lost unless a receiver is appointed. While the company is in a poor financial position, the evidence suggests that has more to do with the nature of a start-up company that needs greater investment, than gross mismanagement. In short, there is little evidence that either investors or the company would benefit from the appointment of a receiver.
The company does not now, or in the future, have a problem with disclosure of financial information, except when someone is attempting to place it in Receivership, such as Mr. Buonincontri has attempted previously. The judge was correct, we are a start-up company that needs “greater investment”, and our financials controls were not appropriate. We are in debt, and the resolution of that debt can only be corrected with capital investments and sales, not under the fear of bankruptcy court, and litigation, which has been created by Mr. Buonincontri. The fact that we are in debt is known to everyone, including Mr. Buonincontri, the use of financials to place the company in bankruptcy, using financials that were not certified and GAAP approved as demanded by the note, and something the company could not perform, created more risk to the company by Mr. Buonincontri, and still does. Audited and approved financials are needed and are being developed by a major firm we have engaged, MARCUM, LLP. However, given the litigation, issues with the previous CFO, Mr. Lang, and previous CEO Mr. Melby, as well as the ongoing litigation, the need to close sales, and raise capital, along with just the daily running of the company, engaging a new firm following being let go by another, getting approved, and moving forwarded with approved public audited financials simply takes time, and during that time, it was our legal counsel’s recommendation that anything less than audited financial disclosure to Mr. Buonincontri put the company at more risk.
The courts current ruling demands that all financials delivered to Mr. Buonincontri be sealed, which means they cannot be used for public dissemination, to be traded on, or used in litigation against the company and exposed to the public. They are selective to Mr. Buonincontri only. What he will find in those financials is that the company is in debt and needs capital investment, and sales. Something he knew previously. I believe, that Mr. Buonincontri, and the minority he represents are looking for retribution, or embezzled funds, as a way to continue to lash out at the company. Not for financials in order to determine if they should convert into equity. EVERYONE KNOWS THE FINANCIAL STATE of ORHUB. If individuals want retribution, give current management time to complete audited financials, if individuals want change at multiple levels, and sales and capital, then give new management time to do it without the fear of litigation or bankruptcy that Mr. Buonincontri has engendered. The Judge ruled that all financials be delivered to Mr. Buonincontri be sealed. This a win for the company, noteholders, and investors:
IT IS ORDERED that, within ten days of the filed date of this Order, the Company is to provide plaintiffs with financial records, including but not limited to those records referenced in Mr. Monte’s email dated May 20, 2019. The Company’s failure to comply with this Order in a timely manner will result in additional sanctions under Rule 37(c)(1).
IT IS FURTHER ORDERED that the records disclosed in response to the preceding paragraph may be labeled “Confidential” and will not be used or disclosed for purposes other than this litigation. Unless otherwise agreed by the parties, if any party intends to use a confidential document in a motion or at trial, the confidential document shall be filed under seal.
IT IS FURTHER ORDERED that the Company timely will produce additional financial documents as those documents are prepared by the Company’s new auditors/accountants.
IT IS FURTHER ORDERED that plaintiffs are awarded their reasonable costs and attorney’ fees for the limited purpose of filing the Motion for Sanctions and the Reply.
The company is required to pay attorneys fees only in conjunction as described above for “ a limited purpose”:
Attorneys’ fees on all other issues will be held in abeyance pending the resolution of the case.
The judge noted orally, in court that he has great concerns as to the reasons for Mr. Buonincontri’s actions, and that he does not award attorneys’ fees out of proportion to the initial financial concerns for which a case exists. This was reiterated in his rulings:
Although the issue of the reasonableness of AXT’s expenses is not before it, the Company’s complaint about the size of plaintiffs’ claim raises significant questions including the most obvious: “why would someone spend over a half million dollars to protect a $100,000 investment in a company that is insolvent?” The Court sees no reason why AXT should remain as Note Agent if it does not have the support of a majority of the Note Holders. Mr. Buonincontri agreed to those rules when he signed the Note Agreement.
The question of the validity of the new note agent vote was not before the court, the purpose of the vote from the companies perspective was to show the judge, yet again, Mr. Buonincontri does not represent the majority of Noteholders which was clear to the court after testimony from Bruce Longmeier, a noteholder, and being told under oath that approximately 60% of Noteholders supported Mr. Buonincontri’s removal. Mr Buonincontri received one vote.
The court offered a simple remedy to solve this issue which will immediately put an end to this litigation and which the company has already engaged with, knowing Mr. Buonincontri is not supported by a majority of Noteholders:
The events were too recent for the Court to address the second Stribrny election at the November 21 hearing. Unless the parties can come to an agreement to stop the hemorrhaging attorneys’ fees, the Court anticipates that it will be asked to resolve issues concerning Mr. Stribrny’s election in the near future.
Any election will have a better chance of surviving the Court’s scrutiny if the process was vetted by a lawyer (like Mr. Lieberman) with substantial experience in securities law and votes of shareholders/debtholders. A properly conducted vote could avoid big problems later – not just from Mr. Buonincontri but by a disgruntled Note Holder who votes one way only to claim at a later date that he was not provided with material disclosures relevant to his decision.
Clearly, the judge simply wants an independent third party with legal expertise not Mr. Buonincontri, or the company, to proceed with a vote. The company, noteholders and shareholders, which the judge included in his statement, in the majority, are not in support of Mr. Buonincontri, and the company will move forward with this approach to end this litigation as directed by the court, as needed. Another positive for the noteholders and shareholders of this company.
With regards to the conversion of the notes into equity that was under consideration. The judge, and rightly so, made the following judgement.
IT IS FURTHER ORDERED that any Note Holder who wants to voluntarily convert his/her debt into equity may do so in accordance with terms agreed upon between the consenting Note Holder and the Company. The Court offers no opinion on whether conversion is a good idea or a bad idea.
The restriction blocking all noteholders from converting was lifted by the court. Conversion can proceed for those wanting more equity and more voting power at .021 cents as requested by the company previously. The initial goal of the company in attempting to convert all noteholders was to simply stop the litigation, remove Mr. Buonincontri as Note Agent, and give noteholders majority control over the company. Now those wishing to remain as creditors can, however it should be noted that the court had great concerns with the Note as written, and he expressed this orally as to both sides, well as in the courts rulings:
As an initial matter, these findings are based on a full-day evidentiary hearing that occurred before either side had an opportunity to conduct full discovery. A factfinder may take a different view of the evidence after the record is fully developed and after the parties have an opportunity to conduct discovery. The factual conclusions in this ruling are not final except for the purposes of the pending motions.
First, the Court finds that the Note Agreement is ambiguous...
To be sure, the Note Agreement contains a “Miscellaneous” provision (i.e., boilerplate) that indicates that “This Agreement may be amended by an affirmative vote of more than 50 percent of the Note Holders with votes tabulated by the principal of the Notes held by such Note Holders. . .
However, the specific Note signed by Mr. Buonincontri contains the following additional statement:
This Note may not be amended, modified or changed, nor shall any waiver of any provision thereof the effective, except only by an instrument in writing and signed by the party against whom enforcement of any waiver, amendment, change, modification or discharge is sought; provided, however, that this paragraph shall in no way be a limitation on the provisions of the consents and waivers set forth above.
The court addressed the ambiguity of the note orally to both parties at the end of the hearing. The ambiguity of the note as the court interpreted it would require fact finding by a jury or judge in a trial. The judge indicated multiple times that this disagreement needs to be “settled” by the parties. Such a trial with discovery, depositions, and additional attorneys’ fees with appeals could take years, in a litigation battle that began in October of 2018 with Mr. Buonincontri’s first filing. I can assure you this would not be in the best interest of the noteholders, shareholders, Mr. Buonincontri’s companies or ORHUB. It will only benefit attorneys by not hundreds of thousands, but attorneys’ fees into the millions, ridiculously fighting for a start-up trading at .03 cents, with no Intellectual Property, patents, and software that will soon be reproduced by companies like Cerner and Epic, major EHR companies with billions of dollars.
This company has a window of opportunity that is quickly closing, hampered by litigation that will benefit no one except Mr. Buonincontri as the highest and number one creditor in the current Note agreement under dispute. It is my understanding the Note was written in conjunction with Mr. Mike Williams, a mentor of Mr. Buonincontri’s, a question I have asked often, as to what purpose, since when the Note was signed by Mr. Melby, the company was immediately in default of the Note. A fact which I noted to judge Brodman.
I approached Mr. Buonincontri immediately after the hearing, heeding the Courts words regarding a “settlement”. Shook hands, did not cast judgement, and requested we talk to move this company forward. However here we are again in “attack and defend mode” following a biased email from Mr. Buonincontri that fails to see the big picture that the Court has offered.
Mr. Buonincontri and I continued talking, and he indicated to me I was the person that could turn this company around, he did not want to be note agent, only the top creditor, that he was willing to settle. Then, his email, disparaging myself and the company beginning with:
“As predicted, ORhub’s year-long campaign of excuses, outright lies, threats and innuendo...”
Can I believe Mr. Buonincontri’s words, or his email? Does he want to work with me or not? Why does he tell me one thing about settling with the company, with myself as CEO, then attack me and the company publicly, which clearly effects perception and stock price?
Judge Brodman was impressive in his demeanor, oral summary and written summary. I encourage all investors to read it. Mr Buonincontri has previously provided a link. His take home message, get this settled. If not, you are going to a trial. That trial will benefit your attorneys only, and I do not dispense attorneys’ fees out of proportion to an investor, with a limited investment. Also not one, I believe as CEO, that has acted as a paid consultant for the company.
A ground swell of litigation has begun against Mr. Buonincontri and others by Noteholders and Shareholders. I have done my best to prevent litigation of investor vs investor in ORHUB, as our efforts directed in unity towards success will yield a more positive outcome. A company divided amongst itself is doomed to fail, not only will the company not survive, but everyone involved will lose more than investment dollars in the upcoming additional litigation. They will lose time, money, and most importantly peace of mind.
In closing, I will continue my efforts to finally end this litigation, and more litigation, I am calling for Rick to come back to the settlement table with reasonable plans that benefit the company and all investors, not just himself as a lead creditor. In addition:
End negative email campaigns against the company.
Work to make this company a success, and not attack it publicly anymore, but work with me, the new CEO, as he has stated he wants to
To allow the conversion of notes into equity by those that want to at .021 cents without attempts to block the conversion again
To set aside efforts to be note agent, and help pick a completely independent and unbiased note agent for those that want to remain in a note, an individual with legal and SEC expertise in convertible notes
To have the new independent note agent and his/her recommended individual(s), create a note that is not ambiguous and not constructed by the company, or business partners or acquaintances of Rick’s, and maintains the financial integrity of those that wish to remain in a note.
The company will comply with the court orders to:
Supply all current financials under seal, as directed by the court, and subsequent audited financials
Pay limited attorney’s fees as approved by the court
In addition, the company will make available as a public company, all audited financials through Marcum, LLP ASAP, and allow a review of financials by all investors before a decision to convert any debt into equity occurs, with complete oversight by the new independent Note agent.
I am tasking Rick and the company to have this completed before the holidays, so that beginning in 2020, this company is unified in its goals, and can finally move forward without the shadow of litigation, and become what all of its current investors and management want, a success.
Robert R. Lazzara, MD
CEO and Chairman
Read the shareholder update. They’re working on the audited financials and most of the information is in there. Anyone investing should be doing their own research and not just sounding off on message boards asking others to do it for them. I’m just relaying the fact that new information is available.
What’s the value of these contracts? When’s revenue incurred and booked?
2 new contracts signed and a shareholder update on the otc website
As you should.
Orhub has been completely mismanaged and made promise after promise. The sad thing is it was they couldn't sell this even when just dropping it in immediately saves far more than it costs.
I’ll post whatever I want. Bought into this company with big promises from the folks who started the company only to find myself in a sinking ship. My own fault...but not too happy about it.
Still stuck at a HUGE loss with this turd. Do something ORHB!!!!
News - CEO, Bobby Lazzara's Shareholder Update
Press Release | 10/16/2019
Dear Shareholders,
It is a pleasure to update you today as CEO of ORHUB. For those of you I have not had a chance to meet or talk to, I would like to introduce myself. My name is Robert Lazzara, everyone calls me Bobby. My background includes training in critical care, general surgery, and finally cardiac surgery, which I practiced for twenty years. My business background was born in private family enterprises, physician healthcare enterprises, and broadcast media for patient and physician education and engagement.
I came onboard ORHUB with great enthusiasm. Prior to joining as Chief Medical Officer I invested in the company after a product demonstration from the companys sales team, and subsequently became Chairman and Chief Executive Officer after it became clear to our former CEO and the Board of Directors that a transition was needed to take the Company to the next level with our clients, while navigating the complexities of our marketplace. My enthusiasm has escalated as I see great things ahead for our Company built around our focus on improving outcomes and costs for patients, physicians, ASCs, hospitals and their extended healthcare systems.
The initial focus in my first two months with the Company was on addressing operational issues, and working to end the noteholder litigation that has been draining our Companys resources and inhibiting growth at multiple levels. In parallel, I have been focused on changing and expanding our sales approach and revenue structure by developing unique approaches to incentivize new customers and sales teams. My belief in the Company and its product is best exemplified in utilizing my personal connections to significantly impact sales progress through physician and C-suite leaders.
The Companys strategic approach to sales is proving successful with a new revenue structure based on a per case usage fee only, no implementation fee, and no long term contracts, and prepaid discounts. In addition, inauguration of a Premier Membership model for select customers that includes royalty rebates, referral rebates to other hospitals and ASCs system wide, advisory board membership, and priority opportunity to test new releases is also proving successful for growth. Our first three anticipated Premier Members are Baptist Medical, OISC, and Anderson Medical Center. We plan to update our shareholders through company press releases once new members are definitively engaged.
With success at each of these locations, their connection to larger healthcare systems has the potential for growth in case volume. The Company believes that revenue generation will begin in 2020 with growth beyond. Earlier revenue generation is a possibility with several of our incentive models rolled out in the last several months.
I believe that the Company can become profitable and well respected by improving outcomes and the bottom line in healthcare providers beginning in surgery and moving rapidly throughout the business and organization. Our role as a SaaS provider gives us a unique opportunity to rapidly land and expand to create additional products around all procedural specialties. To that end I would like to announce the deployment of our newest product extension, Interventional Cardiology Spotlight, developed in conjunction with Anderson Medical Center in Mississippi with Cardiology Chair, Dr. Wes Bennett, where it will be launched.
The Company continues to evaluate the business structure and policies from the Board level down, and will remain diligent in making adjustments that will benefit sales and operations to drive shareholder value and Company health.
One of the issues impacting the Company and its resources, financial reporting, investors, employees, and customers has been the ongoing litigation with AXT Analytics, LLC, a company controlled by Mr. Rick Buonincontri. A letter to Noteholders is linked here and listed below, outlining the companys approach to ending this drain on Company resources. From this point forward, all of my efforts, and those of the Board, will be singularly focused on the successful operation of this Company, not participating in negative rhetoric. Suffice to say, the Company is moving forward and will not let any individual or group of individuals stand in the way of progress for our Company. ORHUBs sole focus is to proceed with what is in the best interest of all investors.
These next few months are critical for the Company and revolve around parallel tracks consisting of efforts to raise new capital, financial audits, growing our customer base and revenue, and initiation of our short and long term strategic plans which include evaluating joint ventures in telehealth, patient engagement, streaming video, and virtual reality for patients and potential M&As. We are planning to host a Shareholder Meeting in Jacksonville, FL before year-end and will be in touch with additional details as we finalize.
I am confident in Surgical Spotlight®, a real-time surgical analytic product to springboard this Company forward. Our investor base, and its physician leaders, are unique among healthcare companies. Our core group of employees continue to work hard and have gone above and beyond what is required to keep this company afloat despite lack of capital and other outside distractions.
The coming weeks and months will define this Company and the direction it is heading. I am asking everyone involved at any level to work together, focus initially on the near term, and get ORHUB to where we all know and believe it can be: a proud healthcare company that has risen to benefit its investors and customers.
Sincerely,
Dr. Robert Bobby Lazzara
Chief Executive Officer and Board Chairman
ORHub, Inc.
Link to Noteholder Letter: https://www.orhub.com/noteholder-letter-october-7-2019/
He’s all about the $, not the product. We got screwed here.
Colt Melby is a scam..Cost me a fortune again.
Looks like ORHB was a flop.
Can’t blame. Time to cut losses.
I am out...Good luck
All these internal changes, but what about sales? Is the company progressing? Share price is garbage.
NetworkNewsBreaks – ORHub, Inc. (ORHB) Enters Strategic Partnership with Medical News Minute
ORHub (OTC: ORHB), a Microsoft Silver Partner and cloud-based healthcare intelligence company focused on the business of surgery, today announced its partnership with Medical News Minute, a physician-directed medical broadcast media company. Under the partnership, the two specialized companies are joining efforts to increase exposure of ORHub’s Surgical Spotlight(R). “Upon first introduction to ORHub Surgical Spotlight(R), I saw nothing but opportunity and an inevitable partnership on the horizon,” ORHub Chairman and CEO Dr. Bobby Lazzara, a former critical care and cardio thoracic surgeon, said in the news release. “This tool will be an invaluable and critical resource in every OR, exponentially increasing productivity and benefitting physicians, healthcare organizations, and patients.”
To view the full press release, visit http://nnw.fm/0aX7D
About ORHub, Inc.
ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room. For more information, visit the company’s website at www.ORHub.com.
NOTE TO INVESTORS: The latest news and updates relating to ORHUB are available in the company’s newsroom at http://nnw.fm/ORHUB
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
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NetworkNewsBreaks – ORHub, Inc. (ORHB) Appoints CEO Dr. Robert “Bobby” Lazzara as Chairman of the Board
ORHub, Inc. (OTC: ORHB), a Microsoft Silver Partner and cloud-based healthcare analytics company, today announced that its board of directors has unanimously agreed to appoint Dr. Robert Lazzara as its chairman. “It is an exciting time for ORHub, and I welcome the expanded responsibility as Chairman of the Board,” Dr. Lazzara said in the news release. “We have a great team, and a great product. We are Singularly focused on Surgical Spotlight, a unique point of care product, that can springboard the company into rapid growth, not only through tremendous cost savings and improved patient access for health systems, but by improving clinical outcomes for patients and physicians through our long term strategic plan.”
To view the full press release, visit http://nnw.fm/a9rVy
About ORHub, Inc.
ORHub is a growth stage data analytics company on a mission to optimize the Business of Surgery through lean process improvement. As a Microsoft Silver Partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight® helps providers harness that data, identify millions of dollars in opportunities, and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind team building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room. For more information, visit the company’s website at www.ORHub.com.
NOTE TO INVESTORS: The latest news and updates relating to ORHUB are available in the company’s newsroom at http://nnw.fm/ORHUB
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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NetworkNewsBreaks – ORHub, Inc. (ORHB) Releases Video Segment on Value of Key Performance Data for Substantial Cost Controls
ORHub (OTC: ORHB), a cloud-based healthcare analytics company on a mission to optimize the business of surgery through lean process improvement, today released a brief presentation drawing focus on how perioperative leadership stands to benefit from the ability to harness daily procedural costs. In the educational video segment, ORHub Chief Medical Officer Dr. Robert “Bobby” Lazzara describes how ORHub Surgical Receipts create state-of-the-art solutions, effectively eliminating overinflated spending. In the video, Dr. Lazzara explains, “Behaviors that can center focus on team building and the development of surgical systems is approaching hospital systems nationwide, saving millions of dollars in improved patient access, all at the same time!”
To view the full press release, visit http://nnw.fm/ACy3k
About ORHub Inc.
ORHub is a growth-stage data analytics company on a mission to optimize the business of surgery through lean-process improvement. As a Microsoft silver partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight(R) helps providers harness that data, identify millions of dollars in opportunities and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind, team-building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room. For more information, visit the company’s website at www.ORHub.com.
NOTE TO INVESTORS: The latest news and updates relating to ORHB are available in the company’s newsroom at http://nnw.fm/ORHUB
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
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NetworkNewsBreaks – Why ORHub Inc. (ORHB) Is ‘One to Watch’
ORHub (OTC: ORHB) is a healthcare data analytics company focused on enhancing the business of surgery through lean process advancement. A recent article discussing the company reads, “ORHub’s Surgical Spotlight(R) is a cloud-based analytics tool that helps administrators, nurse leaders and surgeons make improved business decisions for the operating room. By taking data feeds from the facility’s Operating Room Information System, ORHub produces a functional and elegant dashboard that allows users to easily identify opportunities for improvement. . . . These capabilities allow providers to harness data, identify millions of dollars in opportunities, and get leaders back to their primary focus of improving care, increasing patient access and reducing costs. A first-of-kind, team-building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals with experience in the operating room.”
To view the full article, visit http://nnw.fm/Tc2Dg
About ORHub Inc.
ORHub is a growth-stage data analytics company on a mission to optimize the business of surgery through lean-process improvement. As a Microsoft silver partner, ORHub leverages the Azure cloud to help customers unlock the power in their data captured in the OR. Surgical Spotlight(R) helps providers harness that data, identify millions of dollars in opportunities and get leaders back to their primary focus: improving care, increasing patient access and reducing costs. A first-of-kind, team-building tool brings all stakeholders together with regular and accessible information. ORHub specializes in business intelligence for the operating room, built by professionals from the operating room. For more information, visit the company’s website at www.ORHub.com.
NOTE TO INVESTORS: The latest news and updates relating to ORHB are available in the company’s newsroom at http://nnw.fm/ORHUB
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
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www.NetworkNewsWire.com
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Analytics Webinar
https://www.orhub.com/2019/08/20/release-notes-and-webinar-invitation/
So Who is this Dr. Robert "Bobby" Lararra?
Seems like a pretty solid guy. Obviously, major/controlling ORHB shareholders think do too.
They have:
1. First made him Chief Medical Officer:
https://www.otcmarkets.com/stock/ORHB/news/Renowned-Cardiac-Surgeon-and-Medical-News-Minute-Founder-Dr-Robert-Lazzara-Joins-ORHub-Team-as-Chief-Medical-Officer?id=232732
2. Next make him CEO:
https://finance.yahoo.com/news/orhub-inc-announces-ceo-123000758.html
3. Then made him Chairman of the Board:
https://www.otcmarkets.com/stock/ORHB/news/ORHub-Inc-Announces-New-Chairman-to-the-Board-of-Directors?id=236904
Who Is this guy? Will he be able to right the USS ORHB?
There's the question everyone wants to be answered.
AND>>> it seems that Dr. Lazarra is answering questions. He's not yet reached out to me (piddly small shareholder that I am)... but he has reached out to a number of my friends and acquaintances.
4. Here's a video of Dr. Lazarra introducing himself and talking about ORHB. ENJOY!!
Hey Derpo,
At present I'm thinking most the software engineering work is done by contract labor.
The team has been changing quite dramatically from what I can tell. As I had lost confidence in Colt Melby some months ago I hoping the current shake up will be a good thing.
There remains lots of unanswered questions...
1. Audited Financials. The investing public should receive full disclosure... the good, the bad, and the ugly.
2. Success in financing? From my estimates the company has to almost be out of money. Me thinks funders (if there are any) also had questions about prior management.
Funny how money walks and talks. I'd be surprised if any big money comes into ORHB without catching up on fillings. Imagine that. People actually want accountability ... They want to know what's going on.
3. Assuming the money matters can be taken care of, the next question of course is product implementation and acceptance. Since the earliest days, their technology and software have seemed impressive to me. From my glance at the website, it looks and like they're trying some pretty creative and aggressive marketing techniques. Test drive, pay as you go, pay company only when you save money.
It all sounds good to me... But we have a long way to go. As milestones are met investor confidence will grow and I assume big money will probably lead the way than follow.
So for now we can just watch how the stock trades in the weeks and months to come. There will likely be some speculative fluctuations, and probably some pot holes and dead ends. At this point I might be a buyer on dips, but you can be sure I'll be looking to take money off the table if share price goes up... at least till the filings are caught up and we all know where things are at.
Do they even have any engineers left? Unpublishing the team page can't be a good sign.
Like everyone that invests, I buy shares that I think at going to increase in value and sell ones that I think are going to decrease.
Unfortunately, I'm not always right.
We'll, there is that.
Hopefully, I will be a step that will restore confidence to the investing public.
From the beginning, I've been impressed with ORHB's technology.
Time will tell.
Hopefully Colt doesn’t dump his massive amount of shares now.
I think this could be the turning point for ORHB, but we shall see.
Check this out: ORHub, Inc. Announces New CEO
https://finance.yahoo.com/news/orhub-inc-announces-ceo-123000758.html
Comparing Traditional Daily Procedures,
Dr. Lazzara Reveals How Strong Profitability Can be Heightened Through the Integration of ORHub’s Advanced Analytics
NEW YORK (July 25, 2019) – ORHub Inc. (OTC: ORHB), a cloud-based healthcare analytics company, on a mission to optimize the business of surgery through lean process improvement, today released a brief presentation, where focus was drawn to how Perioperative Leadership stands to benefit from the simple ability to harness the daily procedural costs.
Dr. Lazzara describes issues not yet addressed in the industry, “Behaviors that can center focus on team building and the development of surgical systems is approaching hospital systems nationwide, saving millions of dollars in improved patient access, all at the same time!”
View the Video: https://app.getresponse.com/click.html?x=a62b&lc=BWoAdC&mc=FS&s=bHXAyf&u=GrCaj&y=i&z=EFPCzRV&
In this educational video segment, ORHub Chief Medical Officer, Dr. Robert “Bobby” Lazzara, describes how the ORHub Surgical Receipts create state of the art solutions, effectively eliminating overinflated spending through limitations involved with antiquated resources incapable of processing real-time analytics.
ORHub’s analytics product Surgical Spotlight® is a cloud-based analytics tool that helps perioperative leaders such as physicians, nurses and administrators spot trends and outliers with curated performance indicators, increasing efficiency, decreasing costs and improving patient access in the operating room.
Medical News Minute provides further details on ORHub’s Surgical Spotlight application in this brief video featuring Dr. Lazzara.
ORHub’s vision is to place Surgical Spotlight® into as many operating rooms as possible, utilizing streaming videos and digital apps for increased patient and provider education. In addition to surgical specialties, Surgical Spotlight® covers procedurally oriented specialties include the interventional cardiology lab, interventional radiology lab or gastrointestinal lab. Surgical Spotlight®, since its launch earlier this year, continues gaining market traction and system penetration.
ORHub Inc. Chief Medical Officer “Bobby” Lazzara Summarizes Vision and Latest Developments in Exclusive NetworkNewsWire Broadcast
ORHub Inc. (OTC: ORHB), a cloud-based healthcare analytics company, on a mission to optimize the business of surgery through lean process improvement, today announces the broadcast of its exclusive audio interview with NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) solution.
The interview can be heard at http://nnw.fm/Si3G2
ORHub Chief Medical Officer Dr. Robert “Bobby” Lazzara joins NNW host Stuart Smith for a look at the successful launch of ORHub’s product – Surgical Spotlight® – a cloud-based analytics tool that allows perioperative leaders such as physicians, nurses and administrators spot trends and outliers with curated performance indicators, increasing efficiency, decreasing costs and improving patient access in the operating room.
Medical News Minute provides further details on ORHub’s Surgical Spotlight application in this brief video featuring Dr. Lazzara.
“Our focus revolves around becoming a powerful foundational resource in the Operating Room. Streamlining in a manner that incorporates all factors enables not only significant cost reductions, but substantially heightened efficiency, yielding an unparalleled competitive advantage for surgeons and a maximized value to their patients,” stated Dr. Lazzara
He continued, “By providing the information that allows for a change in behavior, control is put into the hands of surgeons and administrators, enabling the evaluation of trends, and empowering the facility to make instantaneous adjustments that will continue building efficiency and profitability on an ongoing basis.”
“On track to gain about two percent market share toward the end of 2019,” Dr. Lazzara concludes, “…our goal to gain notable exposure, raise capital, and drive revenue into the Company as we continue to gain awareness. We believe that this valuable technology, with empowerment through mentorship nationwide, will be a strong contributor toward a long overdue paradigm shift in the continually evolving health care industry.”
ORHub’s vision is to place Surgical Spotlight® into as many operating rooms as possible, utilizing streaming videos and digital apps for increased patient and provider education. Current procedurally oriented specialties include the interventional cardiology lab, interventional radiology lab or gastrointestinal lab. Surgical Spotlight®, since its launch earlier this year, continues gaining market traction and system penetration.
ORHub, Inc. Settles Litigation with Former Chief Financial Officer
Press Release | 07/01/2019
TEMPE, Ariz., July 01, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – ORHub, Inc. (OTC: ORHB) (the “Company” or “ORHub”), a cloud-based healthcare analytics company, today announced it has reached a resolution of its contract dispute with its former chief financial officer, Lanny Lang, and his firm Lang Financial Services, Inc.
Litigation resolved with Lang. Tying up all the loose ends and positive momentum seems to be building.
FWIW Randy is just a guy, who doesn't have a gang.
In fact Randy is a shareholder and hopes the company succeeds.
For the last year there had been a couple narratives trying to explain what has happened and what is going to happen.
I have friends and acquaintances on both sides of the discussion, and find the whole matter dizzying.
As for these personal attacks, we'll let them speak for themselves. I used to moderate this board and only shared what I believed was accurate and timely information.
Who is Randy and the gang? I've seen them mentioned before on this board.
I see Randy and his gang are trying to destroy it
News: $ORHB NetworkNewsBreaks - ORHub, Inc. (ORHB) Appoints Renowned Cardiac Surgeon and Medical News Minute Founder as CMO
ORHub (OTC: ORHB), a Microsoft Silver Partner and cloud-based healthcare analytics company focused on the business of surgery, this morning announced that Dr. Robert “Bobby” Lazzara, a distinguished cardiac surgeon and medical media expert, has joined its team as chief medical of...
Got this from https://marketwirenews.com/news-releases/networknewsbreaks-orhub-inc-orhb-appoints-renowned-cardiac-surgeon-and-medical-news-minute-founder-as-cmo-8418766.html
News: $ORHB Renowned Cardiac Surgeon and Medical News Minute Founder, Dr. Robert Lazzara, Joins ORHub Team as Chief Medical Officer
TEMPE, Ariz., June 26, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – ORHub, Inc. (OTC: ORHB) ("ORHub" or the "Company"), a Microsoft Silver Partner and cloud-based healthcare analytics company focused on the business of surgery, today announced that distinguished cardiac surge...
Read the whole news https://marketwirenews.com/news-releases/renowned-cardiac-surgeon-and-medical-news-minute-founder-dr-robert-lazzara-joins-orhub-team-as-chief-medical-officer-8417428.html
ORHub Logo
Renowned Cardiac Surgeon and Medical News Minute Founder, Dr. Robert Lazzara, Joins ORHub Team as Chief Medical Officer
Former Virtual Operating Room President, and Partner in Physician Owned Companies Generating $100 Million Annually, Brings Wealth of Knowledge, Passion and Purpose with Drive to Advance the Surgical Industry
https://orhub.com/2019/06/26/dr-robert-lazarra-joins-as-cmo/
TEMPE, Ariz., June 26, 2019 – via NetworkWire – ORHub, Inc. (OTC: ORHB) ("ORHub" or the "Company"), a Microsoft Silver Partner and cloud-based healthcare analytics company focused on the business of surgery, today announced that distinguished cardiac surgeon and medical media expert, Dr. Robert “Bobby” Lazzara, has joined the ORHub team as its chief medical officer.
Dr. Lazzara has a special interest in implementing the latest technology to serve the healthcare industry. He was so impressed with ORHub’s Surgical Spotlight application, a cutting-edge intuitive and power-ful analytics tool that helps administrators, nurse leaders and surgeons make targeted business decisions, that he quickly made the decision to get involved.
Dr. Lazzara performed the first worldwide webcast of open-heart surgery in August 1998 through the Virtual Operating Room and, subsequently, MDiTV, Inc. broadcast the first live cardiac surgery over a smartphone on Dec. 15, 2009. He is a Smithsonian Laureate for his pioneering work utilizing the Inter-net and information technology as a health care educational tool. Dr. Lazzara has been a member of ad-visory boards and a consultant to major corporations and medical device companies.
Dr. Lazzara’s passion encompasses the incorporation of digital technologies and virtual reality in the medical industry. He dedicates himself to advancing education in healthcare business development, medical device consulting, and numerous other related educational and business services.
“Of dozens of facilities I’ve operated in throughout our country and worldwide, there has been no other comprehensive data system on the market that compares,” said Dr. Lazzara. “Being able to truly under-stand our cost and care decisions will heighten the level of cost-effective patient care and optimize the overall efficiency for our entire healthcare system.”
ORHub’s advanced technology arms healthcare providers with a comprehensive understanding of all factors involved before engaging any component of a treatment plan.
“In this day in age, for the sake of optimum efficiency, data is a vital necessity,” stated ORHub CEO Colt Melby. “Dr. Lazzara is a trusted influencer in the healthcare community and we welcome his keen insights and the additional expertise he brings to achieving our company’s mission.”
ORHub, Inc. Signs Contract with Anderson Regional Medical Center
TEMPE, Ariz., June 24, 2019 – via NetworkWire – ORHub, Inc. (OTC: ORHB) (“ORHub” or the “Company”), a cloud-based healthcare analytics company and Microsoft Silver Partner, today announces it has signed a contract for a 30-day trial of Surgical Spotlight® with Anderson Regional Medical Center, which is anticipated to materialize as a long-term contract.
Anderson Regional Health System, which operates several facilities, including Anderson Regional Medical Center, performs approximately 20,000 surgeries per year and is committed to quality.
Dr. Keith Everett, chief medical officer, said, “Quality and performance improvement are ongoing, organization-wide activities that extend to all aspects of inpatient and outpatient care. Using Lean principles, we provide care that is patient-centered, safe, timely, effective, efficient and equitable.”
ORHub’s Surgical Spotlight is an example of an innovative solution that assists in Lean process improvement.
Things a coming together.
ORHUB, INC. Identifies Over $5M in Financial Opportunity at Partner Hospital
Tempe, AZ, June 17, 2019 — ORHub, Inc. (OTC: ORHB) (the “Company” or “ORHub”), a Cloud-based healthcare analytics company and Microsoft Silver Partner announced that it has identified and presented over $5M in achievable annual economic opportunity with a flagship partner hospital using Surgical Spotlight®.
ORHub’s Surgical Spotlight helped the facility analyze their OR operations including more than 40,000 surgeries, and five OR operational facets to find over $5M in annual opportunity. Surgical Spotlight identified seven initiatives across all facilities with an economic impact of over $2.2M annually. The facility is forming a team dedicated to the initiatives for sustainable change. They will roll these initiatives out more broadly once the changes have been implemented successfully.
The assessment is repeatable for other Surgical Spotlight customers and ORHub expects to find similar financial opportunity with each one.
ORHUB, INC. Begins Implementation of Surgical Spotlight with first Prime Hospital Network facility
Tempe, Arizona, June 13, 2019 -- ORHub, Inc. (OTC: ORHB) (the "Company" or "ORHub"), a SaaS- based healthcare data analytics company focused on the business of surgery to improve the profitability of hospitals, ambulatory surgery centers (ASCs) and health systems, today announced that it has begun implementation of Surgical Spotlight® with a Prime Healthcare facility.
The implementation began two weeks ago with an exchange of information. ORHub will kick off training of the business users this week with the goal of demonstrating that surgeons and administrators can create financial opportunities and improve patient care with better access to shared, relevant and reliable information. Once the pilot location is complete, the goal is to expand to include more operating rooms within the Prime network of 45 hospitals across 14 states.
ORHub is confident in its ability to demonstrate success as past facilities were able to identify over US$3.0 million of opportunities within days of the implementation. Those facilities have already made changes using Surgical Spotlight® to recapture that opportunity.
Saw ORHub promoted by Dr Bobby Lazzara in medical news minute as well as several other tweets. Looks like they started the 4th. Not sure how to post links but a simple
Google search will pull it up
True, from my conversations with shareholder relations it was a few of the old memreg people and Lanny Lang that were causing all the issues. Its only a loss if you sell is a great phrase for right now.
It's only a lose if you sell, I'm down the price of a new R8, indeed my account statement looks like OJ's front porch, that said I think there is reason to stay the course. The redesigned and more affordable software is being widely accepted and praised, the raiders can't have much more stock to dump, the Attorneys are dealing with the problems and the Veterans Memorial bridge will always be there if I need to jump.
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