Hi beancounter, please excuse me if the impression given by my aggressive style of putting across some points vigorously gives the impression of personal animosity against you - it's isn't intended at all.
You were the equivalent of 'collateral damage' in an attack aimed elsewhere... if that passes as an excuse, or merely another illustration of reckless expression.
Admittedly, I enjoy expressing myself in an excited, humorous or aggressive manner and sometimes it leads me places I didn't expressly intend...if that passes for an apology.
I too am on your side, and admired you for having the courage to stand up at the last AGM and ask some uncomfortable, direct questions, in person.
Existing holders were railroaded into the NS deal which was manifestly 'unfair' for us, particularly because it included an unpleasant 3 or 4 year hangover before any compensating effect might be felt by us, if at all.
It evidently wasn't such a devestating prospect for recent holders at a low price, or long-term holders at a low price, to accept the NS deal, maybe a bit reluctantly.
In stark contrast, for me, having bought my shares at a high price about five years ago, it was utterly contrary to my interests as a shareholder.
The worst aspect of the deal, ignoring the high price, superficial claims of 'synergies' etc, was that dilution and debt-servicing would suck the life out of my already deep underwater holdings for years afterwards.
The last thing in the world I want now is for it to be revealed the BOD has been busy again secretly setting up some other acquisition with similar characteristics.
I want them to do a CR to fund Reduit so it can fulfill its clear, great promise as a revolutionary, game-changing, massively successful haircare, and maybe a skincare, product, and to get Bodyguard and surface hygiene products onto the market.
OBJ's attraction was, and remains to this day, all the teriffic IP dreamt up by Jeff, that he (and the Director he thought might do it for him) found themselves largely unable to monetise.
The fact OBJ somehow caught Schapera's eye, and he was able to later rope in a gun like Peros, was exactly what OBJ needed.
It was the OBJ IP alone that attracted both shareholders and later, high profile additions to the BOD (in particular, Schapera and Peros).
All I want to see is commercialisation of that tech in the form of all the wonderful products derivable from OBJ's IP.
It's not an impossible task, as we now see in the the tremendous and wonderful vision of Reduit appearing before us.
We need further capital, but don't need to be saddled with some business so unrelated as to require re-listing under a different activity as a means of funding the great stream of tech OBJ already posseses.
We see the beautiful product and the high-class marketing by Peros, and watch him lend his great reputation and pour his hard work, skill and industry-access into marketing it.
'We don't need no stinking gym biscuits'....we need a sum of capital that the BOD can calculate.
OBJ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
(20min delay)