Is OBJ just PNO 2.0...?, page-7

The biggest issue I have with this whole situation is that it was spung on us without any previous indication that the board was looking at making any sort of an acquistion, especially one of this magnitude. One simple ASX announcement stating that the board was looking at potential acquistions to drive growth would have avioded this blindside, built credibility and may have increased the share price. Especially since they have been working on this for over a year.

At this stage there is no proof that they are going to sell off OBJ IP (and in my opinion its unlikely they will) but was there any proof of OBJ doing this acquisition. If they were going to sell off the IP would they announce that or tell anyone given that the never announced the NS acquisition? Those sort of questions (no matter how ludicrous the seem) have been caused by the actions of our board and their ability to clearly layout this acquisition and their future plans. They should be aware of the history of OBJ and it would have been great if they would have started off with a focus on clear communication. Especially considering our management teams credentials and their track record on building great companies from scratch.

I hope they learn from this and manage the communications of the company better in the future. OBJ is not a private company. It is publicly listed and they need to make sure they ahere to the requirements of being on the board of such a company.