Referring back to
yesterday’s press release, the Company’s CEO, Melvin Pereira, mentioned “…most
important, a rights offering to strategize as a means to reward all of those
shareholders who have and will continue to take this crazy exciting ride with
us.”
Think about
that. Did you really stop and take a
moment to let that statement set in?
One may ask, ‘what
is a rights offering and what does this mean for me??’
Investopedia
defines a Rights Offering as: An issue of rights to a company's existing shareholders
that entitles them to buy additional shares directly from the company in
proportion to their existing holdings, within a fixed time period. In a rights
offering, the subscription price at which each share may be purchased in
generally at a discount to the current market price. Rights are often
transferable, allowing the holder to sell them on the open market.
What does this mean
for Pure Hospitality Solutions' shareholders?
It could me a return of upside potential; increasing the value of your position.
The CEO did state
on many occasions, no one gets left behind.
So it would not seem so unlikely that this particular CEO would give
shareholders back their upside in a way that could also be more beneficial to
the company and the market as a whole.
Exciting times are
around the corner for the shareholders of the new Oriens (OTHM); now Pure
Hospitality Solutions, Inc., trading under OTHMD for the next 20 business's
days before becoming PNOW. This
company could really possibly be the next real thing. Real assets. Real Revenues. Real Technology. Real opportunity.
*OTHMD Pure Hospitality Solutions, Inc. Shareholder Update
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