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Re: TheFINEST post# 430

Thursday, 10/18/2018 12:48:52 PM

Thursday, October 18, 2018 12:48:52 PM

Post# of 684
Just did a bit of digging. By my calculations, we should have seen their 10-K ... their annual report at the end of September. Last year the 10-K was released on 10/14/2017.

It could be that the market is uncomfortable waiting for information that should have already been released.

So far being a development stage company the company has only revealed modest revenue. In Q2 and Q3 ORHB has had revenue of $25,000 and $37,000 respectively. As I look over the finances what stands out to me is the loss the company incurred in the 3rd quarter: ($9,423,000). They've not only spent a substantial amount of available cash on hand but they also took on $1.25 million in debt.

https://www.otcmarkets.com/stock/ORHB/financials


I guess the next financial statement will reveal if there are increasing revenues and how much they have managed to lower their overhead.

We should also be able to project some the financial health of the company by seeing their cash on hand and burn rate and such.




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