GREY:EORBF - Post by User
Post by
munibagson Apr 30, 2013 9:33pm
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Post# 21322652
Spoke To Investor Relations Rep
Spoke To Investor Relations Rep Hello Folks,
I have no more finger nails left to chew worrying about the status of our beloved Orbite, so I called Louis Morin at Investor Relations hoping he could help put my mind at ease. He was tight lipped in providing answers to some questions but Louis did share with me:
- A supplier in Europe has been selected to build the new calcinator. (He wouldn't provide company or origin)
- Supposedly doen't know tentative time table in the completion of manufacturing the new calcinator or logistics
other than it's supposed to arrive and be installed in Orbite's plant sometime this summer.
- Estimated cost of new calcinator is appoximately $23 Million with an option to either purchase or lease it.
- Orbite Plant is currently operating one 8 hour shift with 12 employees producing samples and there are
several new employees currently being trained on Orbite's processes, off site. Once they're fully trained, an
additional shift will be added to the operation.
- Orbite mgt is supposedly well aware of current shareholder concerns and frustratrions as they are also
disapointed with the current market sentiment.
I shall remain long and strong with Orbite....GLTA
Munibag$