Ann: Entitlement Offer and Placement, page-188

I applied for more and was only offered 40% of what I asked for and advised that the shortfall was over-subscribed?!? This strikes me as odd considering that only 37% of the entitlement offer was taken up by OBJ SH. I think Tinbin nailed it in an earlier post, where he summised that perhaps CPS Capital were distributing the shortfall in association with OBJ recommendations The whole process from beginning to end was dubious to say the least...shortfall details conveniently omitted from the Prospectus and many OBJ Shareholders not receiving their paperwork until after the offer had closed. But unfortunately this is what we have come to expect from OBJ, even with new management at the helm. Sad really. The writing will be on the wall when we work out exactly where these shortfall shares have been distributed. The saddest part is, that I was almost able to double my holdings with around 20K due to a 20:1 consolidation @ 1.5 cents and a further slamming down, so called entitlement offer, discounted again 3:1...which is the equivalent of half a cent; after originally putting in hundreds of thousands... The only reassuring aspect of the current situation is that with less than 140 million shares on issue, the share-price will be able to move up very quickly...but this is also a double-edged sword, as it can also move south at the same speed. IMO we could see sub 10 cents as well as a run, especially before the next 4C.

Getting close to 'fasten your seat-belts' time again. The only seat more exciting is Richard's seat :