I love it when things work out!
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I've noticed that before as well. For a while today I thought it looked like we might busy out, but then it pushed back down.
As for orders not showing... They might show up on an order book list, but only the highest bid or lowest sell are shown for any one market maker.
I'm also thinking this is the case. :)
Hello Folks... one of these days I'll get the Ibox cleaned up...
I just looked through the recent filings we have the following:
Company Debt of $555K exchanged for shares at .25 per share.
Operating capital raised in seven separate Private Placements ranging from .25 to .70 per share...
FOR A TOTAL AMOUNT RAISED: $1,932,500.
Our CEO... seems seriously committed as well...
Mr. Michael Caetano owns and/or controls 6,110,000 million shares...
and if my math is right...
I believe the present number of outstanding (aggregate including 800,000 warrants @ .60) shares to be 37,681,709... which means his interest represents 16.2%.
I absolutely agree. As this company continues winding up... it's becoming clear that something pretty significant is being planned.
I mean who would stick these kinds of dollars (and previous placements) into a company they didn't expect a return from? I don't know for sure, but I believe these are for restricted shares.
Answer? No one!
A friend picked up another 3500 shares today... paid between $1.05 and 1.20.
Go FTMR!!!
I pulled the trigger on the first shares traded at .80 then bought my last at $1.20.
Crazy strong move. I think part of the reason is that the DTC (electronic share transfer system) wasn't updated with the new stock symbol... so existing accounts were not able to sell on the spike up. My guess is this will be rectified by tomorrow... so stock price should come back down (some). :)
Best.
Wow... Just like that the name change happened. I thought it would take a day or be tomorrow.
Today's trading was certainly quite encouraging.
GO FORTEM RESOURCES!!
Story of our lives. ;)
I think there's some serious up side potential... I'm not holding this for a short term play. I think this could well become a legacy maker. :)
We'll see. :)
Nope. Uplisting is tied to other factors like share price.
I think the share price will take care of itself. I don't know the size of the float, but it's not that large compared to the outstanding dues.
Best.
Plus don't forget that every shorted share will have to be repurchased.
While the amount of loss for longs is limited to amount invested... the potential loss for shorts is unlimited. They can be smart and smug while shorting junk companies and their prices are going down.
However, if they get seriously short on a real and rising startup like I believe ORHB to be... their hope for a 50% or maybe a 75% gain can turn into a pretty serious squeeze and 100 to 500% loss.
Time will tell. I'm sure those close to the company are figuring out what is going on.
Best to all!
Yeah... I think it's a pretty ripe opportunity.
I'm curious who this bonehead fellow is... seems pretty confusing. If you go back on his posts he claims that he was a buyer of the warrants... and now he claims to be this huge shorter of the stock.
Doesn't quite add up.
RK
Not exactly, but it's no where near the sell Volume we've seen in the last week.
Meant push back...
Looks like some pick back against what I think it's probably shorting...
Right now 26k bid at .35
Someone likes this news...
50k bid at .65
Hey Foodini... I've taken a pretty healthy position for the same reasons you've mentioned.
The story resonated and seemed to make sense.
Plus the placements? have been edging up in price. Those participating must be expecting the future value to be higher than current prices.
Plus... The placements have been at higher prices than previous. So long as those close to the company are willing to do this, it has to be with the expectation that we will be seeing higher prices on the future!
Huge volume trade today. 512K... of these over 420K hit the bid. Toward the end of the day I saw a block of 100K shares get bought at .452 and another almost as big (88K) at the same price range.
Will be interesting to see what next week brings.
The Bro... I think that will come. As the stock symbol has just changed, it just takes a little while.
I've not checked, but I'd guess some news is probably still available under MREG symbol.
Probably the best news source will be the ORhub website:
https://www.orhub.com/news which links all of the actual press releases.
And finally some News from Yesterday (that took affect today):
MEMREG, INC. FORMALLY CHANGES NAME AND SYMBOL TO ORHUB, INC (ORHB).
New identity aligns with initiatives to improve liquidity, strengthen brand recognition, and prepare for future listing on a senior exchange
PHOENIX, AZ (February 9, 2017) MemReg, Inc. (OTC: MREG) (the “Company”), a cloud based health care software-as-a-service company focused on decreasing costs and increasing outcomes in surgical care, today announces that it was approved by FINRA to change its name to ORhub, Inc. to reflect its current business. Effective February 10, 2017, the Company will trade under the ticker symbol “ORHB.” The Company’s new CUSIP number for its common stock is 68620R107.
CEO Colt Melby states, “Our official name change and new stock ticker symbol signifies the final step in the Company’s transformation into a publicly traded software company focused on development and commercialization of productivity and information software for surgical
operations.”
For full release see the link below:
https://www.otcmarkets.com/stock/ORHB/news/MemReg--Inc--Formally-Changes-Name-and-Symbol-to-ORhub--Inc---ORHB-?id=150867&b=y
News Release about expanding business:
CONTACT FOR MORE INFORMATION:
Colt Melby, CEO
(844) 545-4508 ext. 402
FOR IMMEDIATE RELEASE – January 29, 2017
ORHUB EXPANDS OPERATIONS AT THE NATION’S
SECOND LARGEST NON-PROFIT HOSPITAL SYSTEM
Newport Beach, California, January 29, 2017 -- (OTC Markets News Service). MemReg, Inc. (OTC:MREG) (the “Company”), a cloud-based healthcare software company, is excited to announce the expansion of their California pilot program to include one of the top five highest volume orthopedic hospitals in the US already rated a five-star hospital by the US Centers for
Medicare and Medicaid (“CMS”)
For full News Release see link below:
https://www.otcmarkets.com/stock/ORHB/news/ORhub-Expansion-012917?id=149661&b=y
Yes... it does keep getting better!!
Extension of underlying warrants till February 27
MEMREG, INC. ANNOUNCES THE EXTENSION OF THE
SPECIAL EXERCISE PRICE FOR ALL SERIES OF WARRANTS
UNTIL FEBRUARY 27, 2017
Phoenix, Arizona, December 30, 2016 -- (OTC Markets News Service).
MemReg, Inc. (OTC:MREG) (the “Company”) announced today that it has extended the expiration date for all its Series of Warrants until December 31, 2017. The Company also extended the temporary reduction of the exercise price for all its outstanding warrants of $.3333 (“Special Exercise Price”) until 5:00 pm, MST on Friday, February 27, 2017.
For full Release see link below:
https://www.otcmarkets.com/stock/ORHB/news/Extend-Expiration-and-Special-Exercise-Price?id=147826&b=y
As a reverse merger took place between MemReg (the former company) and ORHUB (Operating Room Hub)...
The stock of the company went from being paper only tranfers to DTC.
Here's the New Release:
FOR IMMEDIATE RELEASE – December 12, 2016
MEMREG, INC. ENHANCES OTC MARKET PROFILE
WITH FAST/DWAC ELIGIBILITY
Phoenix, Arizona, December 12, 2016 -- (OTC Markets News Service). MemReg, Inc. (OTC:MREG) (the “Company”) announced today that the Depository Trust Company (“DTC”) has approved the Company’s common stock for FAST/DWAC transfer. The Company’s common stock CUSIP number is 58626C105.
See Link for Full Release:
https://www.otcmarkets.com/stock/ORHB/news/PR-101216-FAST-Approval?id=146781&b=y
Lot's of things are happening with this company...
For instance...
Financial put to date and released:
MEMREG, INC. ANNOUNCES ITS FIRST QUARTER RESULTS
Nov 30, 2016
OTC Disclosure & News Service
https://www.otcmarkets.com/stock/ORHB/news/MEMREG--INC--ANNOUNCES-ITS-FIRST-QUARTER-RESULTS?id=145929&b=y
Hey logytwo... I am.
SUMMARY OF RECENT PRESS RELEASES:
http://www.otcmarkets.com/stock/MREG/news
NEWS RELEASE NEWS RELEASE NEWS RELEASE
CONTACT FOR MORE INFORMATION:
Mike Williams, EVP
480-759-9400
FOR IMMEDIATE RELEASE – October 6, 2016
ORHUB EXECUTES AN MOU WITH MAJOR HOSPITAL TO TRANSFORM THE BUSINESS OF SURGERY THROUGH ORHUB’S UNIVERSAL PLATFORM
ORHUB disrupts traditional industry processes, decisions & behaviors by replacing legacy systems with a universal cloud-based platform that collects hard to capture surgical and medical device data at the point of care focused on dramatically reducing costs and creating the world's largest source of intelligent surgical information.
Phoenix, Arizona, October 6, 2016 -- (OTC Markets News Service). ORhub, Inc. a Nevada corporation, (the “Company”) (MREG.OTC-PK) announced today that it has entered into a Memorandum of Understanding (“MOU”) with a major regional California based hospital. The MOU reconfirms the continued use of the Company’s cloud based productivity software in the
hospital’s Operating Rooms.
The MOU will initially cover a period of three years with automatic one year extensions. In accordance with the MOU, the Company will be implementing the production version of its productivity software.
ORhub’s CEO, Colt Melby said “This MOU recognizes that our intensive development over more than nine months has been successful. We have developed our platform by using it during more than 150 surgeries. The MOU just formalizes the deployment of our production software.
We estimate that each year more than 7 million implant related surgeries are performed in US hospitals, so this is a major milestone for entering this target market.”
About the Company. More information on ORhub’s business, product and the management team can be found on the Company’s updated website at www.orhub.com. The Company currently trades on the Pink Sheets-Current Information Tier under the symbol MREG.
Information on the Company, including unaudited financial information is available at OTC Markets under the symbol MREG. The Company is actively pursuing an audit for its fiscal year ending June 30, 2016 and will be changing its trading symbol as soon as its name change has regulatory approval.
ORhub’s office is located at 9830 S. 51st Street, Suite A-128, Phoenix, AZ 85044. The Company expects to continue to publish and post its financial information for investors on its web site.
Forward Looking Statements. Certain matters discussed within this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. Certain factors that can affect the Company’s ability to achieve its anticipated results include, among others, uncertainties inherent in the development of a new business and limited capital.
Explanation of Merger from July 20, 2016 SEC Filing "Unaudited Financial Statements"
"Current Operations
"On June 30, 2016, pursuant to an Asset Purchase Agreement (the “APA”), MemReg, Inc. (the “Company”) acquired all the assets and assumed certain liabilities of ORhub, LLC (“ORhub”) including its name, business, technology, website and patents (see Note 3). Immediately subsequent to the closing of the APA, the Company consummated a tax free split-off (“Split-off”) of its wholly owned subsidiary, Memorability Registry Corp. (“MRC”) to 22 common and preferred stockholders (see Note 4).
"Under the terms of the APA, the former ORhub stockholders held approximately 88% of the common stock of the Company immediately after the closing of the APA. For accounting purposes, ORhub will be
deemed to be the accounting acquirer in the transaction and, consequently, the transaction will be treated as a recapitalization of the Company. Accordingly, ORhub’s assets, liabilities and results of operations will become the historical financial statements of the Company and the Company’s assets, liabilities and results of operations will be consolidated with ORhub effective as of the date of the closing of the APA.
"No step-up in basis or intangible assets or goodwill will be recorded in this transaction. (see Note 3). With the acquisition of ORhub and the Split-off of MRC, the Company is now continuing to develop the
ORhub System. Initially conceived in 2012, ORhub has developed a proprietary cloud-based application that it believes significantly improves the productivity and accountability of implant based orthopedic and cardiac operations. ORhub’s software is 100% cloud-based and will be sold on a subscription basis.
"ORhub believes that its software’s cost will be more than justified by accelerating billing and inventory control. Therefore, users get all the benefit of the productivity and information gains for free. ORhub plans to provide a uniform interface platform for surgery which leverages the power of process and data analytics, providing hospitals and medical device vendors with modeling and predictive analytics that will transform their surgery business and lower the cost of care. ORhub is currently in the last stages of developing it production software and expects to introduce it in production use in September 2016."
I've been watching this company for the last few years. It began as a company called Dynamic Biometrics... became a company called MemReg... which is short from Memorabilia Registration... and now it has been merged and become a company called ORhub... Operating Room Hub.
As a share and warrant holder the earlier company, I've been informed of these business advances and quite frankly am pretty excited.
Interesting change of events over the last couple months...
Hey Bob...
So is it your assumption that this company is done?
Last quarter they released them after the market closed. Not sure for tomorrow.
Also... [guess I'm on a role]... The Form 4 Insider Activity Report has to be regarded as positive as well.
http://www.nasdaq.com/symbol/sync/insider-trades
Zero sells since their lock up period expired.
My theory? They have a different or at least a higher exit strategy in mind.
We shall see.
Also, after market close yesterday the Short Interest Report for August 31, 2013 was reported.
http://www.nasdaq.com/symbol/sync/short-interest
Showed there were still 1,984,596 shares sold short. That's about 3 days' volume at current levels.
My guess is that one of these days BOA and Citigroup traders will put the squeeze on. But if you think about it... if you have money managers whose clients are taking positions... so long as there are sellers and shorters, they're just catching whatever is sold them.
The Close today was a little intriguing... there was a pretty definite line drawn in the sand... saw bids of 120K+ at 7.46... Whether for show or real... that's playing with lots more chips than me. :)
What's going on here? Two press releases in two days. Has that ever happened before?
I'm a ECDI fan... so I'm thinking this is a good thing. :)
Thanks for posting... I hadn't seen this... and I've been following ECDI since the reverse merger.
Sounds good. We should see some financials this coming Wednesday.... 45 days after end of 2nd quarter. Hoping it shows increased revenues from formerly announced contracts.
http://www.sunherald.com/2012/07/19/4073021/one-of-the-first-hemingway-hotels.html#storylink=rss
Published: July 19, 2012
Rotate Black Plans to Pair Up with Hemingway Hotels
By MARY PEREZ — meperez@sunherald.com
GULFPORT -- Rotate Black has signed a letter of intent with Hemingway Hotels and Resorts to operate a four-star hotel at the casino it wants to build at the Gulfport harbor.
Dual Cooper, president of Rotate Black, said the 205-room hotel will have outdoor saltwater swimming pools and cabanas among its many amenities. The agreement was signed this week, said Tuckey Devlin, president of Hemingway Hotels and Resorts, and is contingent on financing and approval of the casino project by the state Gaming Commission.
Twice the Gaming Commission has directed Rotate Black to bring something unique that will grow the casino market in Gulfport rather than split the revenue. Rotate Black hasn't cheduled a date to return to the Gaming Commission with this hotel, an additional 105 guest rooms and more casino and entertainment space added to the project.
Hemingway Hotels is a new brand and Gulfport is the first property in the country to go under contract, said Devlin. The brand is based on author Ernest Heming
way, whose life and adventures extend beyond the literary world,
"The project in Gulfport is all about real good, hard, fun living," he said.
The hotel would sponsor fishing tournaments and provide a variety of entertainment. And for more relaxing times, Hemingway Hotels each will contain a library featuring Hemingway's books and other classics.
Guidelines for Hemingway Hotels require that each has architecture that expresses the spirit of the hotel's location. In the case of Gulfport, Eley Guild Hardy has designed the waterfront casino resort to reflect the architecture of the nearby downtown buildings and neighboring Jones Park.
The restaurants will serve both local cuisine and Hemingway's favorite dishes from Paris, Spain, Italy and other locations, according to the guidelines. The bar at the Hemingway Hotel will best be described as "The best damn place to have a good time," said Devlin.
The idea is to bring people to the Gulfport resort, he said, and with excellent concierge service help them to enjoy the marina at the site along with fishing, dining and golf. "
Reporter Anita Lee, contributed to this article.
Read more here: http://www.sunherald.com/2012/07/19/4073021/one-of-the-first-hemingway-hotels.html#storylink=rss#storylink=cpy
Tomorrow is supposed to be the big day...
The stock has been seeing some nice action of late... I meant to post this story sooner... it's basically a repeat of what the last one said...
http://www.sunherald.com/2012/07/03/4044018/rotate-black-meeting-with-gulfport.html