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Yup. watching.
Seeing some volume today.
https://www.sec.gov/Archives/edgar/data/1098996/000000000018023659/filename1.pdf
https://www.sec.gov/Archives/edgar/data/1098996/000121390018012593/filename1.htm
https://www.sec.gov/Archives/edgar/data/1098996/000121390018013562/filename1.htm
https://www.sec.gov/Archives/edgar/data/1098996/000000000018032251/filename1.pdf
https://www.sec.gov/Archives/edgar/data/1098996/000121390018014500/filename1.htm
https://www.sec.gov/Archives/edgar/data/1098996/000000000018034299/filename1.pdf
https://www.sec.gov/Archives/edgar/data/1098996/000121390018014914/filename1.htm
https://www.sec.gov/Archives/edgar/data/1098996/000000000018035549/filename1.pdf
acquisition. must be a pretty good business. $ORNC
Increased revenue. Just a matter of time until we see some upward PPS movement imo.
Interesting development. Blockchain had so many potential applications. Wine authenticity is a good one!
nice. $ORNC is going to use blockchain technology- the System is expected to encrypt our premium products’ brewing information, transaction information, identification number and certificate information, producing unique labels that can then be attached to our liquor and wine bottles. Since blockchain ledgers are impermeable, and manipulation of existing ledgers is impractical, the authenticity and provenance of our premium products will be better protected. The adoption of the System is also expected to build greater goodwill and trust in our brand in the long term. We believe that by implementing the System, in a not so distant future, our customers will be able to base their transactions on the information encrypted on the labels, thus ensuring the authenticity and privacy of their purchases.
https://ih.advfn.com/p.php?pid=nmona&article=78502640
Definitely not a shell. Robust business - revenues and profits. $ORNC
Good stuff. Item 5.06s tend to catch my eye - ORNC no longer a shell company:
Item 5.06 Change in Shell Company Status
Prior to the closing of the Share Purchase, the Company was a “shell company” as defined in Rule 405 of the Securities Act and Rule 12b-2 of the Exchange Act. As described above in Item 2.01, which is incorporated herein by reference into this Item 5.06, the Company ceased being a shell company upon the completion of the Share Purchase on July 2, 2018.
Solid operation. Worth more than $.50 per share. $ORNC $$$
First I didn’t notice that the financials were in renminbi- then I divided by 15 instead of x’s by .15 - sooner or later I might get things right here. $$$ $ORNC $$$
Thanks. That is good news. $ORNC is undervalued at current pps. Onward and upward. $$$
I think the EPS in USD is $.22. Conversion: 1.54 RMB x .15 = $.22 USD. So that would make the potential fair value PPS more like $2 - $4. We should see some upward movement from here!
Lots of good stuff in that 10-K, like increased revenue:
For the year ended June 30, 2018 and 2017, revenue generated from our Fenjiu liquor wholesale business was RMB86,358,407 and RMB81,973,982, respectively, which represented an increase of RMB4,384,425 or 5.3%. The increase in revenue generated from our Fenjiu liquor wholesale business was mainly due to the increased sales volume of our Fenjiu liquor products.
For the years ended June 30, 2018 and 2017, revenue generated from our imported wine wholesale business was RMB15,401,253 and RMB9,170,684, respectively, which represented an increase of RMB6,230,369 or 67.9%. The increase in revenue generated from our imported wine wholesale business was mainly due to the increased sales volume of our imported wine products.
10K https://www.sec.gov/Archives/edgar/data/1098996/000121390018013211/f10k2018_orancoinc.htm
For the year ended June 30, 2018, we generated revenue of approximately 84.9% from Fenjiu liquor wholesale and approximately 15.1% from imported wine wholesale. For the year ended June 30, 2017, we generated revenue of approximately 89.9% from Fenjiu liquor wholesale and approximately 10.1% from imported wine wholesale. We have not experienced any seasonality in our business.
Lots more to read there but will leave it to you guys to read as I am traveling.
Have a nice weekend.
Yes, thanks for link. I saw it too.
Bloomberg's profile for Oranco mentions the Reverse Merger:
As of June 29, 2018, Oranco, Inc. was acquired by Fenyang Huaxin Wine Industry Development Co., Ltd., in a reverse merger transaction.
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=1873748
Good to see some volume and bid moving up.
A little movement here today. Finally after many days the bid moved up from .22 $ORNC
i like it. $$$ $ORNC $$$
Decent volume today and a bit of green.
agree. with a balance sheet with these #'s -> 39 million net income March 2018 (.09 per share) and almost 24 million cash. upward and onward is my guess $$$ $ORNC $$$
Hard to get shares. No one wants to sell. Should move up nicely from here.
nice. i like the #'s that were in the 8k friday. you picked a winner $$$ $ORNC $$$
thanks shanak10
love your neighbor Welcome aboard. I have been buying since January 2017.
crazy numbers. couldn't resist $ORNC
Ha, nice to see you here
wow. pretty sweet. $$$ $ORNC $$$
Wow, look at those numbers: 39 million net income March 2018 (.09 per share) and almost 24 million cash.
8K https://www.sec.gov/Archives/edgar/data/1098996/000121390018011323/f8k081518_orancoinc.htm
Looks like they bought a wine company Reliant.
Ok, you guys read the rest of the 8K
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