GREY:EORBF - Post by User
Comment by
JayB1on Jul 23, 2016 9:46am
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Post# 25078214
RE:RE:RE:RE:Orbite Tech Conference Call and Webcast on July 28, 2016
RE:RE:RE:RE:Orbite Tech Conference Call and Webcast on July 28, 2016
One more thing that wsa not discussed with the financing IMO: warrants
Exercise price Expiry date Warrants Value (millions $)
$ 0.33 May 2017 17,857,143 5.89
$ 0.39 April 2018 18,924,230 7.38
$ 0.48 December 2016 15,566,750 7.47
$ 0.60 July 2017 14,200,000 8.50
TOTAL 66,548,123 29.24
Basically this mean that if 29 millions dollars should be in Orbite pocket if market value of Orbite worth more than 300 millions roughly. if technology is demonstrated successfully the market value should be back around a billion which give a stock value of 2$. Orbite doesn't have to look behind anymore....
I believe that technology will be demonstrate before the end of the year, the 300 millions value will be reach and past at the same time on its way to the billion dollar value.
Good luck to all longs
JayB
Here is some other warrants that Orbite keep going up.
Exercise price Expiry date Warrants Value (millions $)
$ 3.50 Dec 2017 7,142,850 25
did I forget some warrants?