Orbite Technologies Inc EORBF

Something is Definitely Going On: Much More to the Story

[RichardBoodrow]

In May Orbite announced the resignation of 3 members of its board. "Thee Corporation announces that, subsequent to their decisions not to stand for re-election at the next Annual General Meeting of shareholders, which resulted in the appointments of Mr. Peter Crossgrove, Mr. Pascal Decary and Mr. Claude Lamoureux to the Board of Directors, as announced on May 21, 2013, and consequent of a decision to maintain the size of its Board at nine members, Mr. Toby Gilsig, Mr. Charles Chevrette and Mr. Michael Hanley have resigned from the Board of Directors." It would seem that RB's dissenters were removed. I would assume that these members were just as shocked at the massive cost overrun of the HPA plant as we investors were. The remaining board members save the new ones were Richard loyalists who despite the valentine massacre wanted him to stay on. Today's announcement meant that Richard's loyalists turned on him and the NR that was curt and to the point bore testimony to the CEO purge. Did the board unearth something about the way the $70 million dollars was spent that led to today's sudden purge or something else they found out? Time will Tell.