Dror Ortho Design Inc (DROR)

[OMOLIVES]

No it was not. It IPO'd @ 1.00 in June of 2006(opened @ 1.25). The high hit $3.50 and closed @ $1.40. It stayed in the low dollar range until the market crash of 2008(August). The registration became effective in February of 2006.

In connection with a private placement closed in 2004, the Company committed to issue 304,900 warrants for an overallotment agreement with a consulting group for private placement services. The warrants will have an exercise price of $1.00 per share and will have a six-month term. The date of issue will be coincident with the date of Novint’s IPO. The Company’s registration statement was declared effective on February 6, 2006 and in conjunction with its effectiveness, the Company granted the above options.

Ironically...it was very bad timing. Similar to current...lol.