HENDERSON, NV--(Marketwire - Aug 17, 2012) - 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."
Company officials further stated a small block of shares has been cleared and will go on sale as soon as the market makers post the shares to the public. This action is expected to end the stalemate "once and for all" and was considered as "in the best interest of company shareholders," according to Mr. Hoff.
Orion DHC, Inc. opened for trading at $0.65 per share and at this time the shares have climbed 55.38% to $1.01.
Track OODHA Stock on Bloomberg: http://www.bloomberg.com/quote/OODHA:US
About Orion Diversified Holding Co., Inc. - Est. 2008
Orion DHC, Inc. is a publicly traded holding company actively seeking out attractive Investments and utilizing time-tested value investing strategies to grow its corporate holdings. The corporation targets licensable intellectual property, equity assets, real estate, divisions and subsidiaries in various stages of development.
This press release contains forward-looking statements regarding the future performance of the Company within the meaning of the Private Securities Litigation Reform Act of 1995. All statements within this press release are subject to a variety of risks and uncertainties that may cause actual company results to differ materially from purported expectations. Please invest wisely and always consult your personal financial adviser before taking any financial position in this Holding Company.