Orbite Technologies Inc EORBF

RE:Earning transcript key element

[Antoninass]

Here is the problem with Orbite and the market knows it. What has kept the price depressed has been the continued surprise placements which have added hundreds of thousands of shares sold at low prices driving the SP down. It would have been much worse had Glenn Kelly continued with TOXIC Crede. After the initial Crede Toxic financing by and large Glenn Kelly was given less toxic mortgages by borrowing on future grants from the Government to complete the HPA plant. There is now no wriggle room to borrow with minimum dilution huge amounts of money which Orbite will need going forward until they ramp up to a possibly profitable 5 tons per day which will take at least 2 YEARS.

The continued financing will put tremendous pressure on the SP as each financing is announced until they reach 5tpd and have the customers to sell all of it. There still remains the risk of taking much more time to get there. 

Once they reach 5tpd there could be more than a billion + shares. The maximun profit per share could then be negilgable depending upon the actual cost and received price per ton of HPA. 

When the profit figures are finally announced It is more likely that Orbite will be bought out for a song. 

I know that Babyboomer and others would like our opinions to disappear and continue to whiningly call us whiners but if they were so sure that everything is going so well and Orbite is about to explode, then why are they so afraid of our opinions without even addressing our concerns about what has been happening on a consistent basis these past couple of years. After the last NR the SP should have gone up in anticipation of the imminent production of HPA .  Yet on Friday we closed lower. It could be because of the debentures and will soon go up. But then will come another round of financing which will tank the SP. As Others have pointed out before,  only high  risk taking daytraders who are experienced should take the plunge. There are many other safer plays for higher returns than Orbite. GLTA