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03/08/16
05:41
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Originally posted by Swiss Gnome
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Timber,
The same thought has crossed my mind on more than one occasion...
But on the other hand Orbi have been present now at Board Meets for some time & have X times waived debt covenant defaults !
Equally one would imagine as Orbi are happy enough awarding cash bonuses to JR & DH it's hard to imagine they call a default & then carry on with same team & blame some big surprise on less than forecast revenue..
But right now there are so many moving parts to this story it's virtually impossible to put a valuation on this enterprise..
As has been the case now for some years ( hindsight) this Company has been & still is a short distance from Insolvency & temptingly reachable distance from Blue Sky Sucess..
What happens from here on is anyone's guess..
But next news from The Company needs to be to the upside (what's that I hear everyone shout)
as it's sure anymore bad news will decimate what's left of this meager Mcap.
Good luck to all of those still holding & to those who have had enough of this nightmare story ( understandable) & crystallized a large losses hope you get some of those losses back elsewhere..
Best,
SG.
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Orbi will happily pay DH and JR bonuses if they are doing their bidding. Orbi could possibly love this free fall so that any placement gives them cheap majority ownership. Not convinced Amgen want failing fevice business on the books vs reliable supplier
Another beating o/night. IR still dont respond to any communication and no date for a CC.