Bullboard - Stock Discussion Forum Orbite Technologies Inc EORBF

Metals & Mining Aluminum Industrial Metals & Minerals

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.

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Orbite Technologies Inc > Stay of proceedings deadline

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Post by dalesio_98 on Oct 30, 2019 10:41am

Stay of proceedings deadline

Status of file as of October 29, 2019 On October 28, 2019, following the filing of a Motion by the Company, the Superior Court of Quebec issued a Sixth Amended and Restated Initial Order providing for: Extension of the stay of proceedings against Orbite Technologies Inc. until November 26, 2019; Granting of increasing powers to the Monitor. We refer you to the Sixth Amended and Restated Initial Order dated October 28, 2019 for more details. On the same date, the Superior Court also issued an order: Authorizing the payment of the Amended KERP. We refer you to the Order dated October 28, 2019 for more details. https://www.pwc.com/ca/en/services/insolvency-assignments/orbitetechnologies.html

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Comment by Proster649 on Oct 30, 2019 1:20pm

In other words we got the clowns to resign and have to hope that the Monitor is more intelligent and creative . lol

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Comment by dalesio_98 on Oct 30, 2019 2:02pm

Orbite Public Forum https://orbiteforum.com/opf/index.php?topic=2870.msg28938#msg28938 Oct. 30, 2019 PwC website Motions and Orders Order Oct. 28, 2019 Sixth Amended and Restated Initial Order Oct. 28, 2019 Motion to obtain an extention of delay and other requests Oct. 24, 2019 Monitor's Reports Fifteenth report of the Monitor on the business and financial affairs of the debtor ...more

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