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Orbite Technologies Inc EORBF

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Bullboard Posts
Comment by driftwood57on May 14, 2013 3:44pm
248 Views
Post# 21391147

RE: RE: Chute d'ORT

RE: RE: Chute d'ORT

Chris,,, yes that press release denial of any knowledge of why the stockprice dropped is certainly salt in the wounds now isn't it.

That was a coverup of 2 things.

- the fact that there were purity issues at the plant

- the fact that it was obvious to the company that the problems were leaked.

They wouldn't come clean on either one.

It makes me wonder if they understand the workings of the stockmarket.

Were they just naive enough to think of this as just a little white fib and that they would get away with it or was it a fullscale panic mode coverup of the purity issue and the leak and "screw the consequences",,, we will deal with that later?

Either way, it backfired as these things always do and now here we are with poor credability and a shareprice to match.

Amateurs???   or villians???     I don't know anymore.

 

 

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