Maybe, but I don't think so.
First on the company's agenda is getting the two year audit completed and upgrading their listing to the QB.
Once the two year audit is complete they will have the basic requirements met to uplist to a higher/broader exchange like NASDAQ.
You are correct that one of the criteria will be a higher stock price. And therein lies the rub. Will they artificially promote the stock to elevate its share price??? Thanks to you we know someone did in the past. I'm pretty sure you think this was the company or someone close to the company. I don't believe that was or is the case at all. There was an Australian investment group (Elias Group) that had promised to raise some capital for the company and were in effect sold/entrusted with a bunch of .33 warrants. (Some of them were mine.) They basically screwed the company out of most of the promised funds.
Regarding your concerns about Colt Melby... I don't doubt that what your saying is in part true, but there's always two sides to every story. I don't know the details, but I do know that he has had a number of successes and that he is highly regarded by people that I know and trust. At this point I'm giving him the benefit of the doubt. This wasn't his company or start up, he was asked by the founders of the company at the suggestion of people I trust to come on board as the CEO.
Anyway, what I see "with my rose colored glasses" is a profound opportunity based on new technology and a demonstrated work place need. I don't know how fast the company will grow and whether it will become half of what I hope and believe it could. However, people... doctors and venture capitalists with experience in medical technology seem to think ORHB could become something pretty big. How big? Therein lies yet another rub.
The question and problem (from my perspective) of investing in a company like this is if the opportunity arises, if a person sells at $1.00 or
$2.00 or $5.00 per share? They could potentially, be leaving a lot of money on the table. Selling at such prices could become a growing regret as the company's stock trades higher and higher.
We both know most low price stocks are not going to become something more or large, but... but some will and do.
I think this will be a mover, and I think there will be money to be made on both sides of the ball, but be careful as I think there's potential for great losses on the short side.
Randy
Watch for opportunities with those you trust.
