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Voting Completed, page-76

  1. 189 Posts.
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    Voting yes to this he deal in its current form is borderline to voting for self harm.

    IMO

    Directors wont be buying, no chance, they don't have to, they wont.
    Its nonsense to think they will buy in when they haven't committed.

    -This is actually a reverse takeover.
    -We are buying a warehouse full of supplements which are about to come under massive fire from the regulator, who has the goal to remove most of them from the market.
    -We are also buying supposedly for a distribution network, yet its one which is completely inapplicable for the OBJ business.
    -BOD has a demonstrable history of self rewarding themselves for financial failure.
    -BOD has a proven history of deliberately keeping the market uninformed as best they can.
    -Palermo is taking 1.5 for essentially doing nothing, which is concerning when you compare it to the family's perceived reputation.
    -The finances of this deal are just appalling, that obvious to anyone but the OBJ cultists. Its win win for the directors, Loose-loose for holders. For ordinary Holders, Dilution will be terrifying, financial looses huge, and vastly longer terms just to make a 1% ROI.
    -We gain an extra board member with a controlling interest, yet he has no experience, knowledge or capacity to operate in OBJ's space.
    -Independent reviews of the deal clearly show its its a very bad deal.
    -Selective Timing of events has been orchestrated to the BODs favour.

    The deal doesn't work in its current form, it needs to be sent back adjusted.

    But sure, I guess if your some kind of a BDSM gimp, or OBJ cultist, then by all means, vote for this deal ... maybe you can buy some OBJ kneepads with lubrican at discount.


    Think of this:
    -OBJ has been loosing money hand over first since its inception, has history of dismally failed product lines on every one, and has lost clientele throughout. The board Knows its endgame, no more free money there, it had to take drastic action to stay on the gravy train.
    -NS is projected to be in the same situation within the next few years, it knows its screwed long term, it also ants to be on the gravy train.
    -Wouldn't it make sense for the two to combine, and go out in a blaze of revenue raising glory? It would be a fantastic exit plan for all directors involved, and one hell of an impending $80mill cracked coconut.

    Watch for the resignation and golden handshakes after this highly suspicious and appalling bad deal passes.

 
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