Really really sad IMO. I ran out of funds to support OBJ at 6.6 but was hoping things would change and a more positive sentiment when new products launched.
It appears the BOD have chosen not to create shareholder value at all.
Despite all of the incredible research by some very intelligent individuals on this forum who i believe to be significant holders of this stock, the SP is in the gutter.
This has only to do with the BOD. The retail support shown here for many years is unlike anything i have ever seen.
The BOD have chosen their path and the only thing that will change the fate of this Co is the shareholders.
The BOD have made it clear there is to be no wealth returned to shareholders and any sniff at some income will be mopped up by the BOD one way or another.
If the income stream ever starts to flow i am sure the Bonus shares previously lobbied for will again be put on the table.
IMO it is time the significant holders have a more serious look at their next moves as this will determine the near term fate of this Co. Though it seems they are not worried about the share price ATM. They still get rewarded and can issue themselves more rewards.
@retiredyoung Your efforts to bring this to light back then should be applauded.
https://hotcopper.com.au/posts/26705622/single
I would say back then that all holders were a bit rosey eyed and felt that these Milestones would deliver significant income before being executed. I would have been the same. As you can tell though over the last 12 months they just want money and will go about it any way they can.
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