Future X, page-138

Hey Iceman, appreciate the well measured response. I have been vocal in the past about my disdain for management's practices and know full well that I was wrong in regards to my faith in them in the past with their 'promises'. This lead me to a very important lesson and that is no matter how great the technology is, if management are sub par so to is the company. So I respectfully disagree with you when saying that communication with management has no bearing on whether to invest or not, IMO it is the single biggest factor right now when deciding whether to invest or not/sell or hold. 

Iceman if you stand back and think about your comment in regards to Steve buying in for 200k just to portray confidence it really makes no sense, we don't need to think about the world in which Steve did not buy into OBJ because he already has and multiple times on market.

Lets break this down. Steve was paid $174,189 for the year, yet he has bought more than his entire years remuneration, if you were just trying to portray confidence and didn't believe in the company this makes absolutely no sense. Not only that but he has dedicated his time and effort to a little company in Perth with a market cap that is probably at least 1/3 of his net worth after selling Becca. Why would anyone waste their time if they did not see one hell of an opportunity to create wealth? He has not sold a single share and certainly not at the height of OBJ's share price as was done by management of old along with countless performance shares that should never of been awarded. If that doesn't smell of real confidence then I don't know how else Steve could show his confidence in the company. That is a big part of the reason why I back management and am not blinking even though we sit at 5 year lows. 

IMO the way in which they handle bodyguard will determine our riches in the medium term, I really do hope they get this right. P&G will provide us with a solid baseline as royalty rates have been re-negotiated and more products are to be released onto the market. The blue sky opportunity has always laid in bodyguard and bodycare. As bodycare is 5 odd years away bodyguard is going to be a very real opportunity for us to move well beyond 20cents should it be handled in the right manner IMO.