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The GeoTeam has been looking into the Orsus Xelent Technologies (NYSE AMEX:ORS) story and reached the following conclusions that are explained in more detail in this report:
• ORS has no discernable business operations;
• Even if the management team of ORS is conducting substantial business operations, US shareholders may have no ownership interest in whatever the true operations are;
• ORS faces an immediate liquidity crisis that if unresolved will likely force the company to suspend operations at the end of QII or during QIII 2011.
• Due diligence performed by Reuters corroborates our on-the-ground-findings.