Elkhorn Partners has been a buyer and holder of Orbit International Shares for well over 20 years. With one of his partners on the Board, and purchasing shares in the $3.30 range up through February, 2015, it is amazing that Elkhorn finally threw up their hands, and exited their entire 1.4 + million share position effective March, 2015. No SEC filing, law firm too busy billing the Company to notice major shareholder gone.
Now, the clowns are running the circus, with Board of Directors doing nothing more than picking up elephant droppings. Talk about a Company out of control. Would someone please advise clown David Goldman to stop repeating comical stats concerning "current ratio" and management buy back of 360,000 Orbit shares since 2012. If he really is a CFO, he should realize no one cares about his meaningless statements each and every quarter. He is a clown the circus can do without! As for Binder, as long as he has his employment agreement, he could care less about the financial performance of the Company. Board of Fools (Directors) sticks around each year for their annual cash compensations + options, and really have no idea what the clowns make in the Electronics and Power Segments! Whoever inquired about Ken Ice, you need to look no further than Louisville, Kentucky. Company is located in Hauppauge, New York, with Clown Ice running the Electronics Segment out of Louisville. How does that make sense for this circus! Comical but true! By-By Elkhorn Partners, sad to wTch you finally give up. You could have forced circus to sell Company when potential buyers may have had interest. Not sure there was ever any interest. Circus comes and goes all of the time, but changes are made to freshen up the stench from the elephant droppings that are never picked up and terminated.
1.4 million shares no longer on Elkhorn's books as of 3/31/15. To whom did they sell? They were buying shares up through the middle of February. They have a position on Bd of Directors. What's with that?