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Orbite Aluminae Inc T.ORT

Sector: Metals & Mining | Sub-Sector: Aluminum

Orbite Aluminae Inc is an exploration and development stage corporation involved in the extraction of different ores, namely alumina, using environmentally friendly extraction processes.
Price: $0.275 | Change: $-0.045 | %Change: -14.06%
Volume: 4.8m | Day High/Low: 0.29/0.26 | 52 Week High/Low: 0.70/0.21
T.ORT Orbite Aluminae Inc
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mgrenier - (6/22/2013 4:41:31 PM)
RE: RE: HPA Plant Value


I am not saying that the BOD has not thought of that nor am I saying that the plant will not be profitable. However, given the company's past record and given that Richard Boudreault is still CEO, I am far from certain than the BOD can exert control over him and prevent rash decisions. At least on paper, The COO (Glenn Kelly)reports to the CEO (Richard Boudreault). Mr. Boudreault has been less visible lately but he was not transferred to a less influential position within Orbite. As long as he is CEO, I cannot blindly trust that important decisions are made by the people on the BOD who are trustworthy.