$OTHM ~ MAJOR blog post! "Dear Shareholders of Or
Post# of 25554
Posted On: 08/07/2014 2:45:06 PM
$OTHM ~ MAJOR blog post! "Dear Shareholders of Oriens,
As a quick update to our “Long Form” endeavor, it is exactly how we expected. As it pertains to filing the Long Form with the OTC Markets to gain the “Current Status” designation, the bottleneck became our being able to physically meet with the particular counsel we’d like to engage going forward to this regard. In our President’s November 1st address he did indicate that this could be the only plausible matter that would push this effort into the week of the 18th. Management has made the appropriate arrangements to bring this task to a close.
In the meantime, although OTHM is ready and able to file its disclosures, noting that Oriens is not required to file today in order to maintain its present designation, management will wait to file once they can submit the Long Form with the opinion of counsel, for the expressed purpose of achieving ‘Current Status.’ This is expected to occur late next week.
On another topic, as you all know, we did hit the target on the new corporate website launch. We have received much favorable response. If you should have any suggestions, please do not hesitate to contact us.
Lastly, the company has determined that an appropriate reduction of the Authorized Shares is in fact a very real possibility. Now it is just a matter of management working out a legitimate means of deferring the convertibility of its current debt obligation. Something along these lines can be accomplished by (or before) the Christmas holiday – which would certainly stave off dilution long enough for the company to execute on its business model; possibly securing the capital required to ultimately retire the debt if full. This would undoubtedly be the perfect news to accompany what is most expected to transpire in Central America.
As always, we thank each of you for your continued support and look forward to completing our ‘Current Status’ designation; the first step toward our auditing process.
Sincerely, Team Oriens"
As a quick update to our “Long Form” endeavor, it is exactly how we expected. As it pertains to filing the Long Form with the OTC Markets to gain the “Current Status” designation, the bottleneck became our being able to physically meet with the particular counsel we’d like to engage going forward to this regard. In our President’s November 1st address he did indicate that this could be the only plausible matter that would push this effort into the week of the 18th. Management has made the appropriate arrangements to bring this task to a close.
In the meantime, although OTHM is ready and able to file its disclosures, noting that Oriens is not required to file today in order to maintain its present designation, management will wait to file once they can submit the Long Form with the opinion of counsel, for the expressed purpose of achieving ‘Current Status.’ This is expected to occur late next week.
On another topic, as you all know, we did hit the target on the new corporate website launch. We have received much favorable response. If you should have any suggestions, please do not hesitate to contact us.
Lastly, the company has determined that an appropriate reduction of the Authorized Shares is in fact a very real possibility. Now it is just a matter of management working out a legitimate means of deferring the convertibility of its current debt obligation. Something along these lines can be accomplished by (or before) the Christmas holiday – which would certainly stave off dilution long enough for the company to execute on its business model; possibly securing the capital required to ultimately retire the debt if full. This would undoubtedly be the perfect news to accompany what is most expected to transpire in Central America.
As always, we thank each of you for your continued support and look forward to completing our ‘Current Status’ designation; the first step toward our auditing process.
Sincerely, Team Oriens"
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