Savvy Trades and Investments

[RNsidersbuying]

ORBC potential short. Announcing Q-4 on Thursday at 10:30 with the pre buying pump and pr pump in force. It has outrun it's Balance Sheet and this from Q-3:

Subsequent Event

On November 7, 2012, our Board of Directors concluded, based on the recommendation of management, that an impairment charge should be recognized with respect to the loss of the prototype satellite. Accordingly, we estimate that this impairment charge for the cost of the prototype satellite and associated launch services and launch insurance will be approximately $11 million and will be reflected in our consolidated financial statements during the fourth quarter of 2012. We have filed a claim under our launch insurance policy for a total loss of the next-generation prototype for the maximum amount covered by the policy of $10 million.


I'm waiting until Wednesday afternoon to enter short - see how high they can fly?