Dror Ortho Design Inc (DROR)

[HokieHead]

Insane merger, I think you are correct, it could be Tom and Devvio or it could be Orin is re-emerging Novint Technologies.

First Tom and Devvio, same address as Novint, Devvio which is supposed to be a game changer in Blockchain:

https://www.computerworld.com/article/3333781/start-up-devvio-claims-its-blockchain-can-handle-8m-transactions-a-second.html


Now Novint has been working with Facebook as late as 2016:

https://qz.com/650476/facebook-wants-to-build-this-crazy-arm-controller-to-make-vr-even-more-realistic/

Look at these bullets from the filing, maybe they are in cahoots with Facebook:

- In June 2015, after an extensive process, Novint sold 5 patents and sublicensed 5 patents to undisclosed technology company for $750,000 upfront, and a potential second payment of $750,000 upon waiver of assignment from the DOE to Sandia. The second payment was paid in July 2016. Net of broker fees, legal expenses and payments to Sandia to release their rights to the IP, Novint received a total of $699,714 in the transaction. Novint retained a non-transferable license that allows it to continue selling Falcons and next generation devices such as the Xio that are based on the company’s existing and anticipated designs.

-As of November 11, 2019, the Company had authorized 500,000,000 shares of common stock, par value $0.0001, of which there were 202,308,728 shares of common stock outstanding.

-Insiders own 132 million, or 65% of the Outstanding

-Look at the NOL that can be used here: As of December 31, 2018, the Company had federal and state net operating loss carry forwards of $33.7 million and $0.4 million, respectively. Federal net operating losses generated prior to January 1, 2018, amounting to $33.5 million, and may be offset against future taxable income.

Look what PNNX just did, announced using a $34m NOL and went from a trip to $0.20.

-Management intends to source new inventory and generate revenue. The Company will continue to seek and raise additional funding through debt or equity financing during the next twelve months.

Look at Orin's background, in to tech companies and worth a chitload:

Portfolio Value?: ?$ 83,063,833

https://fintel.io/i/hirschman-orin

Mr. Hirschman has served as a Director of Novint Technologies since August 2013. Mr. Hirschman has over 25 years of experience in money management, leveraged buyouts, restructuring and venture capital. Mr. Hirschman has been the manager of AIGH Investment Partners, LP since 2011. From 1994 until 2001 Mr. Hirschman served as a co-manager of two private investment funds, Adam Smith Investment Partnerships and Adam Smith Investment Partners, Ltd (the “Adam Smith Funds”). In addition to Mr. Hirschman’s private placement investments over the last fifteen years, the Adam Smith Funds, and AIGH Investment Partners, LP, his experience in the securities industry includes tenures with Wesray Capital, the investment firm founded by former U.S. Secretary of the Treasury William E. Simon, and Randall Rose & Company, a $100 million money management firm based in New York. Mr. Hirschman has been actively involved in the financing and structuring of over 70 companies, including many high technology companies. Mr. Hirschman’s educational background includes an M.B.A. in Finance from New York University Graduate School of Business and a degree in Biology and Finance from Touro College where he graduated Summa Cum Laude. The Board feels Mr. Hirschman is an appropriate director due to his capital markets experience.