China Tracker - Safety/Risk Model (Stage One) for Orsus Xelent Technologies (ORSX)

 Orsus Xelent Technologies
 Going Public
Market Segment:
Going Public: 2005-03-31Reverse Merger
 Auditor
Auditor: Kabani & Company
Number of Auditors (since Jan 1, 2009): 3
Auditor Resignations (since Jan 1, 2009): 1
 Internal Controls
Internal Controls (Management): effective
Internal Controls (Audit): not performed 
Senior Management Changes (since Jan 1, 2009): 2 
Number of CFOs (since Jan 1, 2009): 2 
CFO Resignations (since Jan 1, 2009): 1
Main Shareholder (Yu Liu): Director 
Ownership Percentage: 20.22% 
 Analyst Coverage
Total Coverage: no coverage
 Indicators
New Shares / Dilution (TTM): 0.04 million1.68%
Short Interest: no data 
Account Receivables (MRQ): $94.13 million162,310.11%
 Recent Events
Delinquent with SEC Filings: YES
Short Seller Attacks (Corporate Governance): NO 
Detailed Fraud Allegations: NO 
 
 Auditor History (since January 1, 2009)
2010-07-15Kabani & CompanyAppointment
2010-07-15Bernstein & PinchukDismissal
2009-08-13Bernstein & PinchukAppointment
2009-08-10PKFResignation
2008-10-21PKFAppointment
2008-10-21Mazars CPAResignation
 Senior Management Trail (since January 1, 2009)
2009-08-17Hua ChenCFOAppointment
2009-08-14Zhao HongweiCFOResignation
2009-03-27Guoji LiuCEOAppointment
2009-03-27Xin WangCEOResignation
ORSX
Retail/Consumer
SAFETY/RISK SCORE
22%
EXTREME RISK
Detailed Score: 180/800
Current Price:  $0.02
F10k Day (2005-04-19): -99.93%$31.80
2009 Close: -96.04%$0.58
2010 Close: -98.88%$2.04
High (2012-03-07): -93.43%$0.35
Low (2012-07-12): -42.50%$0.04
Exchange: PNK
Market Capitalization: 0.06 mill
Total Shares: 2.52 mill
Float: n/a
Last Quarter: 2011-03-31
Revenue (MRQ): 3.91 mill
Net Income (MRQ): 0.01 mill
Op. Cash Flow (MRQ): -0.00 mill
all financial data provided without warranty