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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
Post by Antoninasson Apr 19, 2017 8:19am
570 Views
Post# 26136051

Management May Let Shareholders Hang. So Much for Devotion

Management May Let Shareholders Hang. So Much for DevotionAll the negative press which includes the upcoming delisting from the TSX will unfortunately make it almost impossible for Orbite to secure government funding or a major financing that will baloon the dilution to unprecidented heights. The only chance is for Orbite to convince a major JV partner to invest tens of millions of dollars for a partnership share. The government may then award some funding as incouragement for the JV partner to sign on the dotted line. Where will that leave us shareholders? Sadly, I believe out in the cold. The way Glenn Kelly was running the company these past few years , Ifelt he was working for IQ and those providing financing like Greed for Creed, IMHO certainly not for us SHAREHOLDERS. I would go into SHOCK if somehow a deal was worked out saving us SHAREHOLDERS. At least the petition demonstrates the strong feeling and dedication of shareholders. I wish management felt reciprocally. 
Bullboard Posts