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We are sitting at .03. Guess every investor at some point needs a trophy for the worst investment ever.
I second that thought. I don't think Colt is dumping.
We have not seen, nor I think will we see a form 4 form Colt. What we are seeing, I believe, is a type of "bear raid" to damage the ability of the company to raise capital in an attempted Coup.
Would love some insight from anyone connected to the company as to WTF is happening to this stock?
Financials were released Monday night or Tuesday, they’re on the otc market website
I would imagine the sales they have had thus far were heavily discounted just to be able to release as news, and likely the reason they won't release financials.
It appears they have lost at least two engineers in the last month...there a payroll issue?
Huge hurdles cleared and new all time lows. Fantastic.
Huge hurdles have just been cleared.
Majority of Note Holders Vote for Conversion into Equity of All Outstanding Series 2017-A 12% Notes
TEMPE, Ariz., April 23, 2019 /PRNewswire/ -- ORHub, Inc. (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 announces that pursuant to the terms of the Series 2017-A 12% Notes (the "Note"), the Board of Directors initiated a Note Holder vote on April 11, 2019 by way of ballot (see "Exhibit I") pursuant to Section 8.2 of the Note Agreement that allows for amendments to the Agreement, "by an affirmative vote of more than 50% of the Note Holders with votes tabulated by the principal of the Notes held by such Note Holders, including any accrued and unpaid interest. If any amendments are proposed, Note Holders will receive 10-day notice of the proposed amendment with a ballot" or "Amendments may also be made by consent of a majority of the Holders in which case other Note Holders will receive a notice of such Amendment."
Can’t expect it to go up when revenues are posted and audited financials aren’t there. I believe in the product itself and am encouraged by the recent steps of cutting excess staff and hospital groups signing on. That being said, it’s still a penny stock and didn’t invest more than I was willing to fully lose.
Lower lows and lower highs - ORHB seems to be a sinking ship. This is very frustrating. Guess we all make bad investments once in awhile.
TEMPE, Ariz. and NEWPORT BEACH, Calif., April 2, 2019 /PRNewswire/ -- ORHub, Inc. (OTC: ORHB) (the "Company" or "ORHub"), a SaaS-based healthcare data analytics company uniquely focused on the business of surgery to improve the profitability of health systems, hospitals and ambulatory surgery centers (ASCs), today announces that ORHub is sharing its Surgical SpotlightTM efficiency dashboard at the AORN 2019 Global Surgical Conference and Expo from April 7-9 in Nashville, Tennessee.
(PRNewsfoto/ORHub, Inc.)
"AORN is the world's largest association for perioperative nurses and this serves as a unique opportunity to engage with direct users of ORHub's Surgical SpotlightTM analytics platform," said Colt Melby, Chief Executive Officer of ORHub. "There will be over 5000 attendees of which over 2000 participants have influence over buying decisions for their facilities. We expect an interactive dialogue on how the nursing community can benefit from technology solutions that will alleviate the burden of care due to complex institutional inefficiencies."
Date:
April 7-9, 2019
Booth:
3138
Location:
Music City Center, Nashville, Tennessee
Surgical SpotlightTM is a differentiated platform that links OR efficiency metrics to real-time cost data for materials and labor. Implementation of the Surgical SpotlightTM custom dashboard is lightweight and doesn't require EHR integration, costly analysts or complicated software. Its cloud-based data feeds populate dynamic dashboards that can be used by administrators, surgeons and nurses.
Yea, This early growth company just needs a little longer runway to take off. Yes they made some mistakes but who doesn't? I say stay strong with this company, I think they are firing on more cylinders.
I spoke with Jason Brown the other day. He said the issue came down to when they were restructuring the company last year and ousted Lang and others legacy people from positions of power they refused to give it up and why the audits/financials weren’t kept up and they’re trying to force their way back so they’re trying to clear it up but doing everything legally through the courts which is taking time. From what it sounds like they’re really attempting to cut all waste and make the company profitable going forward, especially now that it’s being adopted by institutions. Also said Colt didn’t want to put out revenue figures until he has more concrete data with the system being used, but will going forward as they’ll try to keep up the conference calls. I’ll still hold hope as the platform is a game changer in my mind and if they’re really clearing the back end that should tidy up the rest.
Rampant chicanery refected in the current price of this stock, it is my hope that they are taking steps to end it. I believe only two parties have stock at less than 33 cents, Company insiders and the MREG crew. No form 4 has been filed by insiders. Why dump 7 million shares thus far, stomping on your own dick? Why? Why? Why? Can they realy believe they are going to get it ALL back.
ORHub Announces New Contract with The Orthopaedic Institute Surgery Center
-Entrance into Illinois Market-
TEMPE, Ariz., and NEWPORT BEACH, Calif., March 22, 2019 /PRNewswire/ -- ORHub, Inc. (OTC: ORHB) (the "Company" or "ORHub"), a SaaS-based healthcare data analytics company uniquely focused on the business of surgery to improve the profitability of health systems, hospitals and ambulatory surgery centers (ASCs), today announces that ORHub has signed a new contract with The Orthopaedic Institute Surgery Center in Illinois.
(PRNewsfoto/ORHub, Inc.)
"We are extremely delighted to expand our geographic reach into one of the largest provider of musculoskeletal services in the Illinois region. This will mark our first facility in the midwestern market and we look forward to Surgical Spotlight™'s economic contribution to the financial management of this center," said Colt Melby, Chief Executive Officer of ORHub. "Our sales force and physician champions have been the driving factors in growing our client base across the country as there is a clear need for analytic tools to shape operational behaviors in our health systems."
"We are excited to implement Surgical Spotlight into our center as we understand the importance of yielding economic efficiency and productivity so our team can focus on quality patient outcomes," said Greg Thompson, CEO at Southern Orthopedic Associates, The Orthopaedic Institute of Southern Illinois and Western Kentucky.
Didn't want to sound like pie in the sky here, but I think possibilities are huge here.
SaaS growth companies tend to be very richly evaluated, but that when there’s audited sales and such. You can easily see a 100x forward PE multiple if contracts are coming in and sales/costs are audited. Look at a company like Shopify as an example
Looking at financials, I think the burn rate is about 3.6 mm per year, add 400k for this and that and we're at 4mm. 8 - 4 = 4, $4mm / 152mm shares = 2.7 cents. 2.7 X 20PE (conservative) and I think we should be trading at .54. Lots out there trading at a PE of 50.
I’m talking about the $8M revenue
How does $ revenue translate to $ PPS? Anyone able to run the calcs?
Most hospitals are chains, one signing may include 30, 40 units as well as out patient surgeries. 5, 6 of these, throw in an organization like the VA and this thing is smoking.
If you do the math 1.6 million / 120 hospitals / 10 ORs per hospital / 200 days per year = 7 surgeries per day per OR.
I am Positive on the business but this assumes ORHUB can book 10 hospitals per month, every month, for a year and that every hospital has 10 ORs each.
The $8 million is as a result of a years bookings. and it does not include annual subscription revenue that would be 120* $20k -- discounts or around another $2 Million.
I am looking forward to seeing their progress.
They are certain to gain additional clients as well......
I must have missed that. If so, that’s fantastic.
Did Colt say they are on for 1.6 million surgeries..... @ $5 per, thats 8 million dollars
Agreed. Great product, but the fact that Colt avoided the pink elephant in the room is quite concerning.
Still it would have been nice for everyone to hear at least a revenue estimate. If I get a response I’ll be sure to post what is said, if anyone gets a response sooner and can post that would be much appreciated.
I believe they stated questions would be answered via phone call or email.
Same. Blake even said when he began his presentation that it could be found on the website. Most of my questions revolved around revenue forecasts and where they believe the outstanding share structure will end up, disappointing these points weren’t addressed.
I watched/Listened to the presentation. I have always believed in the product and the sample outputs shown in the presentation was impressive.
I was excited to hear that they would have these public presentations Quarterly.
They even did the usual " any forecasts or other information is subject to business environments... "
After the product presentation was done professionally, Colt came on with NO information and answered No questions and gave NO forecast and did not tell us how sales are going and concluded the call.
It turns out that the public presentation was tailored more as a Sales presentation looking for new cash investors than a update for current investors or debt holders.
I was excited to hear more about how things are going and ultimately was depresses by the lack of business information. Especially as they are blowing through our money.
Signed up and submitted questions, anyone else doing the same?
ORHub to Host Shareholder Update Conference Call on Tuesday, March 12, 2019
-Scheduled for 4:30PM EST-
TEMPE, Ariz., March 8, 2019 /PRNewswire/ -- 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 will host a shareholder update conference call on March 12, 2019 at 4:30PM EST.
(PRNewsfoto/ORHub, Inc.)
The Company will provide a business update, demonstrate their Spotlight product and discuss the exciting opportunities for 2019. The conference call and demonstration will be hosted by Colton Melby, Chief Executive Officer and Blake Stock, Senior Director, Product Management.
Conference Call Registration Details:
Date: Tuesday March 12, 2019
Time: 4:30PM EST
Please use the following link to register for the conference call and demonstration where dial-in details will be provided:
https://orhub.zoom.us/webinar/register/WN_bBCpNdDwS_Kd9iF9NZednw
Participants are recommended to register and dial-in approximately 10 minutes prior to the start of the event. A replay of the call will be available on the website at www.orhub.com.
I been nibbling as well
Don't know about the rest of ya, but at these levels I'm a buyer. A substantual buyer. Will sacrafice a virgin and a goat tonight to ensure all goes well.
Someone just backed the dump truck up and began dumping shares. SMH
Looks like they’re getting their accounting in order after the switch up from last year. Last quarter was actually posted within the 5 day grace period. Only thing that’s gonna save it is revenues at this point, and with the sales team in place we should know within the next 3-6 months.
New all time lows aren’t helping.
I hope that’s not the case. I’d like to believe he has the right intentions for ORHB.
Colt Melby is a thief
What is happening here? We keep getting fluff press releases, which are not helping the cause. Revenues anybody?!?
I agree every time they put out news it gets banged on market orders.
NEWS 2-5-2019 ORHub Expands National Sales Force to Over Fifty Representatives and Distributors to Cover 10,000 Facilities
-Accelerate Market Share in $50 Billion High Growth Healthcare Data Analytics Market-
-Client Testimonial Substantiates Value Proposition of Data Analytics-
https://finance.yahoo.com/news/orhub-expands-national-sales-force-133100087.html
NEWPORT BEACH, Calif., Feb. 5, 2019 /PRNewswire/ -- 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 announces that ORHub expands its national sales and distribution force to over 50 representatives to accelerate market share in the healthcare data analytics market.
According to MarketsandMarkets Research, the healthcare analytics market is expected to reach $50 Billion by 2024 representing a high compounded annual growth rate of 28.3% over five years in a young and dynamic market1.
I'm still waiting to be re-convinced.
I'm still impressed with the technology and believe it could be a great assist streamline healthcare and costs of surgery.
I'd sure like to see the last two quarterly reports.
From what I gather from recent press release about the notes and the note holders... they're mostly just asking management to abide by the debt covenant... Not adding additional debt or dilution without the approval of the note holders. How can that be a bad thing?
The way this has been trading, I guess a zero volume day is a good day!
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