Are these A'holes for real??
Orion DHC, Inc. Venture Capital Breaks "No Sell" Stand-Off -- Shares Now Open for Trading
Date : 08/17/2012 @ 3:05PM
Source : MarketWire
Stock : Orion Diversified Holding Co. Inc." (PN) (OODHA)
Quote : 0.26 -0.69 (-72.63%) @ 2:29PM
Orion Diversified Holding Co., Inc. (PINKSHEETS: OODHA) announced the company shares are now open for active trading, only moments ago. In an extremely rare stand-off in early trading, not one single early shareholder stepped up to sell their shares, causing a bona fide stalemate between buyers who wanted to get in on this 2008 "value investing" holding Company and Venture Capital shareholders who declined a traditional exit strategy. Incoming investors spoke volumes, whereas early stage VC appeared to be refusing to let go of any Orion DHC, Inc. shares. What was the hold-up causing early shareholders to not sell their Orion DHC shares?
Any guess at this stage is a good one -- they're holding their shares for some reason. The company management has provided a solution to the stand-off and a small block of shares are expected to be freed up during early trading today -- allowing for a healthy market for the company shares over the long-term.
Orion DHC, Inc. Chairman & CEO, Mr. Randy Hoff, provided comments and a solution for the massive buy side quagmire, "This was certainly unexpected. We figured at least a few of our early stage investors would be glad to accept offers but that's simply not the case. With low selling of our shares, the company was forced to consider releasing a few internally held shares just to allow new investors a seat in the church. We feel clearing a small amount of shares will help alleviate this and secure our incoming shareholders a comfortable position in the company."
AI
