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ahpigsy

5,696 Posts.

241

07/09/20

20:09

Post #: 47154106
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Originally posted by Capex888: ↑

I very much agree with all you have said, except one very important fact, the Nutrition Systems deal, was only good for one person, the owner of Nutrition Systems. NS revenue is in decline and their profit margins are nothing to rave about and then they stitched up OBJ with a dud of a property deal, which again is great for NS owner. It was an act of stupidness and incredible desperation.
Edwards, needs to be removed in my opinion, as he has proven to be an incompetent dud and casts a "dark shadow" on a good team, on paper. Out with the old and non-performing and in with the new and past performers!
Even the accountants deemed the deal to NOT be in the best interests of OBJ shareholders, read it yourself.
I think if OBJ has any chance, this is the last roll of the dice and they will struggle to raise any money, because Edwards and crew have burnt so many for so many years and the market is wary of the managements claims, once again, because in part, of Edwards still being there.
GLTA and lets hope they get traction quickly. All those LTH deserve something back, for being misled and lied to for years......IMO

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The secretary is the one that should go.

OBJ Price at posting: 16.5¢ Sentiment: None Disclosure: Held
18 Upvote

4 Great analysis

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