Now isn't that just about a summary of what I posted yesterday? ;)
I really have no idea why people suddenly started buying OMI shares - I'd be hanging onto my loot until this gets sorted out.
The big danger to OMI is that this infighting will result in them losing their contract with Terumo - highly likely if not already lost.
Also, I still suspect that a corporate raider from one of OMI's competition may well be behind this, as OMI have TGA Approval for their product, which none of the others have. By taking out/over OMI, they may get the product and the TGA Approval and contracts that go along with it.
Make no mistake - this is potentially a huge market, and dirty tricks by a competitor, playing on the naivity of Bruce Kiehne is certainly not out of the question. Kiehne is not a businessman - he is a religious man who invented a good product. There's nothing wrong with that. But I wonder who is advising him in this - I'm sure he didn't do this on his own initiative.
I'd still let the dust settle before putting money into it for a while. A bad news announcement or a trading halt could suddenly leave you very stranded!
Just my 'umble opinion :)
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