Orsus Xelent Technologies, Inc. ( PINK:ORSX ) is a Beijing-based supplier of mobile phones. The stock of ORSX used to be traded on the AMEX (under ORS), but was delisted because the company was financially impaired. Yesterday was the forth session on the OTC for ORSX. It was also the forth session in a row in which ORSX closed in the red. At the end, ORSX closed down 9.20% at $0.79 with 135 thousand shares changing hands.[BANNER] Some people think the drop is due to short selling, but the fact is since ORSX started trading on the OTC short volume has been much lower than before and the more logical reason for the falling price is the financial situation of ORSX. The quarterly report for Q2 of 2011 showed the company's revenue had dropped significantly, and the company recorded nearly $2.9 million in net loss. The main problem for ORSX is that it can't get its money. Nearly all the company's assets are accounts receivable, which have been growing for a while, but ORSX is unable to collect them. These are supposedly guaranteed by a third party, but that doesn't change the fact that the company needs cash to operate. There are a number of different scenarios which would lead to a recovery for ORSX, but at this point the company is in a really tight spot and its future is uncertain.