Yesterday I was interviewed by the Wall Street Reporter. The interview can be heard at www.wallstreetreporter.com/2009/10/obn-holdings-otc-obni-ceo-interview. During the interview I talked about our plans for growing the company and our plans for moving back to the OTC Bulletin Board and the NYSE Amex Equities Exchange (formerly the American Stock Exchange).
As promised, our 3rd quarter financial statements were filed on Wednesday. The numbers show that we now have a book value of $7.1 million, which is 35 cents per share. Since our stock is currently trading about 17 cents per share, the 10-Q shows that our stock is extremely undervalued.
I am happy to announce that we will be filing our 3rd Quarter 2009 financial statements on Wednesday. This is important because it means that we will be fully reporting and can begin our move back to the OTC Bulletin Board. It is also good because the results show an increased value in the company, positive earnings for the period and increased revenue.