Ann: 2020 Annual Report, page-22

So without being too negative, Wellfully was always from the beginning OBJ Limited we never required a takeover/merger etc to become what was already Wellfully/OBJ. The initial deal was a way to get the Board of Directors into OBJ Limited cheaply and at current holders expense?

To save heavy dilution going forward, more scrutiny needs to be had around takeovers, acquisitions that create value for all shareholders and not just directors and friends. I am still surprised that the ASX allowed such events to occur.