notice of agm and explanatory statement, page-74

If they thought they were worth more they should have negotiated more money at the interview stage. Instead they accepted the job on the current remuneration with the knowledge that OBJ is still in the early development stage with limited revenue.

I actually agree with Alan. If I went to my boss and asked for a pay rise he would definitely look at my performance to date to determine if that was warranted. The fact is their performance to date (regardless of how new they are) does not (in my opinion) warrant an increase in remuneration because no information released to date shows concrete increase in progress that will lead to a tangible increase in business performance. We have a lot of irons in the fire which hopefully will increase revenue in the future but nothing to date under their guard.

I support the new board and believe they will overtime grow OBJ into a great company but increasing expenses at this early stage and at a time where we have limited revenue and a cash balance going in the opposite direction isn't something I support.