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I second that thought. I don't think Colt is dumping.
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.
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.
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.
Ok that makes sense. I think the only warrants still out there are at $.50 now anyway. All the .33 expired. I know the debt is payed out with .40 priced shares and they are not warrants so it hurts even more.
Basically if you believe in the new strategy and can get by Colts indiscretions its a buying opportunity. Otherwise ouch!
I know of no 22 cent warrant holders.
I think there are a bunch of no cost grants for services that have come unrestricted this new year though. Probably covering taxes. IMHO
I'm thinking there is a better future on the horizon.
Randy here is a link.
one of many links
Thank you for posting the Arkansas news this morning.
Starting Jan. 1, every hospital nationwide will be required to post standard charges online for every item and every service they provide.
I think transparency will be additional opportunity for ORHB
Yes, I was shocked and disappointed. I then reread the last note.
It looks like a good quality securities law group was hired help our company meet a higher level of scrutiny. They also hired a good quality accounting team out of NY to administer the new guidelines.
Randy you are right about the Crazy rule that said the CEO or the CFO had to approve expenses.. especially since Colt was a loose cannon last year.
But the following adds checks and balances.
... (3) it has implemented a two-step process and dual-signature approval for the entry of all payables and the subsequent payment of all payables; (4) it established routine and designated account to pay CEO compensation on monthly basis under the terms of his employment agreement; and (5) it added an additional independent member to the board as the audit chair and formed a compensation committee consisting of the audit chair and another member of the board (non-CEO).
They are using the NY accounting firm to do real time auditing and process verifications. Again I see this as a good thing and may be getting ready for the big show.
Maybe I am just a hopeful, But it's what I was thinking.
Salesforce is sponsoring a discussion board in DC tomorrow.
ORHUB is Moderating
VP of Salesforce on board.
US health and services on the board.
https://www.usnewshot.com/sessions/investing-health-finding-success-ehrs-emerging-tech/
looks like something real.. at least.
Here's to hoping.
Randy,
I am probably wrong on the 15K a month, and I think the new office is a front office space.
It seems possible that the lease on office space in Arizona is expiring.
I am not so concerned about this change but I am that the Audit is delinquent. I am still a long term investor - at least for now.
Randy,
I missed that.
It is interesting that the beach home was rented out at 15K month in April.
Will let you know what I find out.
Randy,
I was Shocked at the 9+ mil expense reported in 3rd.
It turned out that the expense was not cash pay out but rather a large number of stock issued as payment for services so the expense was realized at the current stock price back then.
I am also disappointed that ORHUB has not published its annual given that they filed a late notice and expected to report 10/16. I am going to be interested in the definition of what the cooperative agreements are and if they provide revenue to ORHUB.
crypto currency, is just one area that Block Chaining technology is used for. From what I have read, Block chaining is likely to be the next high tech method to track transactions of data for the future. It is likely going to be used to guarantee the data is real and valid with traceability.
That being said, I hear you on the relationship thought. I don't think that associating ORHUB with an ad related to Pot helps ether.
Shorters like you bonehead can be ignored based on your long list of negative posts. I appreciate it takes two sides to make a stock move but your reporting negativity is old and not relevant.. Bring new news like delinquent promises ( late audit ) or something. I plan to hold as long as most commitment continue to be made.
I think that is exactly what is going on and in my opinion a good idea.
Remember Dec 31st is the end of warrant driven cheap shares, pricing will be open market after that. Revenue driven model and independent Audit this next year along with at least 5 hospitals running the ORHUB SAS, fee based no less. Exciting times for Stock holders. IMHO
I am happy that all the older warrants are expiring. The note they have open has good terms. I think that is what Colt was talking about.
look at the Nov 20 filings. 14 new Advisors all doctors taking options, greater than 2000 surgeries on the software as a service product. I have been to a couple investor meetings and I am going to happy being patient and watch ORHUB grow as they projected.