GREY:EORBF - Post by User
Comment by
Antoninasson Oct 27, 2016 4:42pm
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Post# 25395059
RE:PP @ .36 / share
RE:PP @ .36 / shareWith Orbite nothing is a no brainer. Just when you think everything is in auto mode. That is , we are about to start HPA production, then, presto , a monkey wrench gets thrown in and we have a new multi million placement and we are down to .31. You have to wonder, if production of HPA is so imminent, why not wait a couple of weeks and do the placement when the SP is higher and the success of the start up would encourage other lenders to make even better financing offers favoring existing shareholders?
Why is it that the same pattern of dilution and delays contiinue to repeat itself like a wash and rinse cycle? We are now entering the most critical and difficult part of the process , that is , having the hot calciner process huge quantities of HPA on a daily basis. Lets hope there are no kinks to add to the delay which despite Ort's claim that we are ahead of expectations, we are in fact, almost a month behind startup schedule.
We will then have to deal with actual costs and customers and of course much more financing and dilution to help us go into full production. GLTA