The above comment is from October 8, 2008. The person in question is Ken Chua, President and CEO of Oriens Travel & Hotel Management Corp. (PINK:OTHM). The company was founded by Mr. Chua back in 2001, and had been buried in obscurity for nearly a decade.
There was a cease trade order on January 20, 2009, sporadic trading after that, and more recently a bunch of PRs which attracted some attention to OTHM. The last session resulted in a 27.08% drop to a close of $0.035 on 480,210 shares.
The recent ups are most likely the result of the company showing signs of life. Additionally, OTHM was promoted on Mar. 17. The drops that followed could be explained by the fact that there is hardly any solid, verifiable information about what’s going on with the company.
Just because there is little information about how OTHM is doing doesn’t mean it can’t bring profits for potential investors. The company operates a boutique hotel brand with business trademark registered with the US Patent Regulatory Bodies. If the company’s plan to become a leading Hotel Brand Operator succeeds, the shareholders can get their money’s worth.
Then again, Mr. Chua obviously has some people angry at him. Until OTHM provides current information, preferably verifiable, it could be hard for the stock to go significantly higher.
