HHmmm always worth questioning and investigating. But I don't see the parallel. This deal should solidify the cash position and position OBJ to avoid VA.
Make no mistake... the OBJ cash position is getting close to desperate. Without this deal ... the ability for OBJ to keep operating will be sorely tested. I understand and respect some posters taking the position of voting NO and renegotiating. I believe that's a dream... it's just not how these things work and OBJ simply doesn't have the cash balance to make that a viable strategy. If a NO occurs, I doubt very much a renegotiation will occur... I'm sure other avenues will be investigated... but with a NO I would expect an immediate and dramatic Cost cutting exercise.... and unfortunately not much else.
With respect to the IP walking out the door... that's another matter. Would be a big move by the current board... and they would want to fully understand their share register before they tried something like that.
OBJ Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
(20min delay)