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The Purge, page-4

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cynos

90 Posts.

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05/04/18

21:27

Post #: 32255380
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Originally posted by amg63 ↑

OK so here it is. Unfortunately we must release all of the frustrations with the company, everything must be purged for better or worse. I got it wrong and it's a bitter pill to swallow, this is going to be the ultimate test of whether you believe in the company, if you don't then selling is now your best option (your only option IMO to stop the haemorrhaging) as the vision has been 'reset',this is going to take some time. I believe in Steve, 100% behind him after that conference call. He is level headed and is giving us all a dose of reality. With the new board due within 6 weeks a new reality will be set and everything that has happened in the past and where we currently sit in terms of the SP must be reset. Our expectations must now align with a new and fresh board. He is well aware of the frustrations but with the new board we are starting anew.

He stepped into a war zone, our past is his current problem and he is addressing it. How? From what i heard on the conference call with a clear and concise strategy for our future. To restructure the board with an "Olympic team", to build our company up with five key businesses: Transdermal, Skincare, Hair Care, personalisation and bodyguard. To eventually get institutional investors on board and see the shareholder base bolstered and dividends paid out by 2023. Whether we want to accept it or not it would appear as though the commentary on Hotcopper has posed a great threat to potential candidates, I guess it just wasn't meant to be to those prospects but it appears as though its also far-reaching but to add balance we were only going on the limited information that management released. We have clearly made our point loud and clear so to carry on would be to our own detriment as we now need to concentrate our energy on the new board of directors.

Its also of note that Mr. Schapera has realised that the current board have been juggling too many tasks instead of concentrating on what they do best such as Jeff handling business when he should be heading the research and development and will bolster the board with new members who will take care of the business undertakings and let Jeff do what he does best.

So to summarise I believe that we have hit the crossroads with this conference call. IMO now is the time to cut your losses and move on if you don't believe Mr. Schapera will be the one to turn this ship around, if he has just 'dangled the carrot' for all shareholders once again, if you believe that this is but another ploy to appease shareholders. If you do decide that you are willing to back Mr. Schapera then IMO all anguish and frustrations towards management must be purged, forgotten. The board will be a reflection of Mr. Schapera IMO as he will have a say in who to reach out to, it would appear as though they already have the new chairman locked down but he/she is currently unable to take up the position, at least for another 4-6weeks. All the best guys and gals.

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Fantastic Post amg

I believe Steve has answered our questions as clearly as he can and as honestly as well . He said this is still a speculative stock as OBJ are doing things that have not been done before with technology that has not been seen ever before . We have been able to make our own judgements with what we currently have out in the market place with Olay and Sk2 in which I’m certain we are moving units to what $$ this equates to is anyones guess only P&G know this . As Steve said and I believe Steve/OBJ does not know what $$ are coming from current sales as no body knows the Units we are selling except P&G . As this flows through to our coffers and reports we then shell see .

With today’s information for all those with doubts it is best to move on , sell up and take your losses or wins . I will not be complaining if the share price falls further. If you are wanting more information or facts etc you will not get them . Nothing will change the past . So much information is locked up confidentially if you like it or not .

New investors can listen to the call when posted and read up on the past through ASX and own research or HotCopper if they want to invest and make up their own minds on what Objs future might hold for them .

I’m still here after many many years never whinged about my position what could of been or could of sold at . Read some great posts for and against OBJ . Not one has influenced my position . I have believed in the technology from the very beginning and now I will leave it to Steve and the new board to take all the learnings of the past to maybe Steve’s future Vision or our own personal Vision we all have for this company .

I still want to read the negative posts and positives as long as backed with research and facts . If you see no future then no more of the past and please move on .

Again we are a speculative stock with potential disruptive technologies in so many areas . If the retail/commercial consumer ends up buying the products with our technology we will be a success . Then again it could all end up as nothing .

Best of luck and wish you all great futures .

OBJ Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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