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Orbite Technologies Inc EORBF

Metals & Mining Aluminum Industrial Metals & Minerals
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

Orbite Technologies Inc
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Comment by Antoninasson Oct 30, 2016 7:42pm
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Post# 25403965

RE:RE:Is ORT worth to invest ?

RE:RE:Is ORT worth to invest ?The Hugo article underscores the disaster that will unfold if Glenn Kelly announces another delay.

As dalesio pointed out on the Orbite forum,

"Orbite repriced the May 2014 IQ 17,845,143 warrants from 33 cents to 24.1 cents and extended exercise date from May 27, 2017 to May 2, 2019 as per the April 27, 2016 PR.

https://www.orbitetech.com/English/investors/news/news-details/2016/Orbite-Announces-a-15M-Financing-From-the-Government/default.aspx

IQ then exercises 1 million warrants at 24.1 cents on Oct. 17-18, 2016."

No wonder our share price is under pressure when it should be rising. Those who have shares from the 18 million warrants that were changed from 33 cents to 24.1 cents are still nicely in the green and obveously some are being dumped.

There will be the mother load of all dumps if another delay is announced. Even IQ may bail with all the negative press such as what was reported by Hugo.




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