GREY:EORBF - Post by User
Comment by
ORTNEWBIEon Nov 23, 2016 9:45am
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Post# 25501306
RE:RE:MORE DILUTION FOR ORBITE
RE:RE:MORE DILUTION FOR ORBITEclubhouse
Correct me if I am wrong you probably started investing when Orbite had less then 200,000 shares.
At the time ORT had A resource of 1 Billion tons of Clay to process to supply all the SGA needed in Quebec which is a quarter of the world's supply. According to RB's timeline there should have been HPA and SGA plants in production. Well here we are now SGA plants off way in the future. The new business plan much smaller than the original and Orbite has trippled the 200,000 shares and we still are not producing any HPA.
Any further dilution weakens our shares and Orbite has to pay with adding shares because they can't afford to pay cash. Thus , I believe, we can expect soon another financing which should suit your investment strategy of buying into placements which I will try to do.