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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
Comment by Antoninasson May 07, 2017 3:29pm
348 Views
Post# 26214243

RE:EXECUTIVE COMPENSATION

RE:EXECUTIVE COMPENSATIONWhy do you think they are under bankruptcy protection? As a long time investor I am disgusted with all the Fluffy Blue Sky NR's ORBITE has been releasing for years. It is quite astounding that all their meltdowns and broken timelines came days before all the previous NR's were praising how wonderful things were going, better than expected with imminent success. Glenn Kelly, early on in his tenure stated that he was prepared to face the consequences of failing to successfully begin producing HPA in a timely fashion. Well, here we are years later and years past Glenn Kelly's promise to present a plant producung 3 tons per day of HPA. What arrogance that he has yet to resign and collects a huge salary. I can't wait to hear the deal he is going to cut for the many millions more necessary to complete the plant which will take at least 8 more months. It was and is sad to see longs grasping for hope first when it was over $3 a share and then collapsed with the failure of RB's HPA1, then $1.50, then .80, then .75, then .55, then .35 and then .23 and now the same hope being expressed as we are under bankruptcy protection. Orbite investors are among the most abused in the TSX.
Bullboard Posts