PURE
Hospitality Solutions, formerly known as Oriens Travel & Hotel Management
Corp., is in the middle of what the company calls a “Pure-ification process.”
As part of this process, the company has issued a series of statements and updates
to the investment community. In a recent corporate blog, PURE acknowledges the
company’s recent reverse split and hints at what shareholders can expect moving
forward.
Read the
full blog post here: http://www.purenow.solutions/increase-equity-value
According
to the post, PURE president and CEO Melvin Pereira’s restructuring strategy
includes “giving back to shareholders,” which the post insinuates may take be
in the form of a rights offering as a means to “reward all of those
shareholders who have and will continue to take this crazy exciting ride with
us.”
In the
case of a rights offering, PURE shareholders of record will have the
opportunity to buy securities directly from the company at discounted price
with the potential for a “nice upside.”
“… Being
that purchases of equity from shareholders go directly to the Company, toxic
financing and excessive dilution also become limited, if not all together
eliminated. This only makes the Company more profitable,” according to the
blog.
Though the
company stops short of making an official announcement, it does urge
shareholders to stay tuned regarding a potential rights offering.
Oriens
Travel & Hotel Management officially merged with E-Network de Costa Rica SA
in early October. Following a reverse-stock split completed November 12, the
entity formally became known as Pure Hospitality Solutions in all respects. Per
regulations, PURE’s common stock will subject to trade under the name “OTHMD”
for 20 days, after which the company’s symbol will be changed to “PNOW.”
For more
information visit www.purenow.solutions
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