RE:Aug. 7, 2019 article concerning OrbiteUsing Google Translate:
Orbite shareholders call for suspension of sales process 07 Aug 2019 Dominique Fortier - dfortier@lexismedia.ca [url = https: //www.google.com/amp/s/www.lavantagegaspesien.com/article/2019/ 08/07 / orbite shareholders-request-suspension-of-sales-process Orbite shareholders call on various levels of government to intervene to curb the sale process started following the announcement of the end of the company's activities last June. Lorenzo D'Alesio, Richard Beaupr and Pierre Ct are of the opinion that the sales process is much too fast and opens the door to various undesirable scenarios such as the dismantling of the factory or the sale of fire from foreign interests. In fact, shareholders have recently discovered that the date of August 9 was fixed for the opening of bids for a purchase of the assets of the company, which includes all the facilities of the Cap-Chat plant. However, this situation is strongly denounced by the shareholders who feel lss in this expeditious process. There was a positive wind for some time at Orbite. But we lack information. Between the announcement of the breakage of the calciner on June 21 and now, we have no idea of the extent of breakage of the equipment, or if it is repairable and what cost, says Richard Beaupr, who recalls that the provider, Outotec, has everything to understand the source of the failure. According to the latter, all investors, suppliers and creditors are entitled to have a detailed analysis of the breakdown of the equipment by a firm of engineers serious before a fire sale follows. In addition, the idea of seeing foreign interests seize multiple patents and a technology that seems to work should attract the attention of governments that have invested millions of dollars to date in the Orbite project. One last chance The shareholders, convinced that Orbite's high-purity alumina process is good since the preliminary tests were conclusive, fear that a third-party acquisition, soon after the cessation of activities, would is not a desirable conclusion. The shareholders would then risk losing their investments and the plant could be dismantled. We must avoid fiascos like Raymor and Biosyntech where investors were blurred because of orchestrations and shenanigans of unscrupulous people who work within the limits of the law, says Lorenzo D'Alesio. We, what we propose, is a partnership with people who want to work to revive the company. In conclusion, the shareholders ask the municipal, provincial and federal political authorities to position themselves quickly in this matter in order to temporarily freeze the sales process and to try to obtain answers on the real situation of the company and its equipment.
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