GREY:EORBF - Post by User
Post by
ORTNEWBIEon Nov 23, 2016 9:15am
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Post# 25501003
MORE DILUTION FOR ORBITE
MORE DILUTION FOR ORBITE2016-11-15 19:05 ET - Miscellaneous "The Toronto Stock Exchange reports that Orbite Technologies Inc. will issue the interest payment on its 5-per-cent convertible unsecured unsubordinated debentures due Feb. 3, 2021, on Nov. 30, 2016. As stated in the company's Oct. 28, 2016, notice of payment, Orbite will pay the entire interest due on Nov. 30, 2016, to holders of the debentures by issuing Class A shares in lieu of cash." They have to pay on shareholders backs because there is no money. Guess what is coming? Right. Another diminutive financing. The split may be closer than you think.