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Online Resources Corp. Message Board

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  • boratnumber1 boratnumber1 Jul 14, 2012 3:02 AM Flag

    very disappointing conference call

    I have been posting similar sentiment since ORCC ill-fated acquisition of Princeton eCom. They were doomed from that point forward as they were not large enough and did not have the capacity to do a reasonably priced acquisition let alone one where they paid 3x what any other rationale buyer would have paid. Current management is not responsible as that was done under the watch of the three clowns that used to run the show.

    The real question now is how do the convertible preferred shareholders move forward. The company has no value in liquidation, but it will die a slow death until the situation is resolved. The solution is sticky enough and difficult enough to try and get off the platform that customers will not make a long-term decision to stay with ORCC unless they know that they will be solvent.