Ann: Trading Halt, page-26

  1. 1,258 Posts.
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    Good observation Mak. Just one question......During those THREE YEARS what is the TOTAL amount of revenue that the announcement has produced? I understand that people are excited by the news that OBJ's technology is to be used in a second product but what does that actually mean. Historically it means nothing (for the next three years) and yet the Market Cap for this company still compares to other companies making tens of millions of dollars of profit per annum. If we use history to predict future earnings then we are looking at a situation three years further down the track where OBJ is still nowhere close to covering its wages/consultancy bill each year. I can't help thinking that the timing of this trading halt is just a ploy designed to mitigate the negative effects of a disappointing announcement of the financial situation due at the end of next week. Good luck anyway...
 
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