Hi dmagnus,
We can all agree that OBJ rallied very hard and fast on the back of some substantial information announced to the market during the 09/10 summer season, but to simply right it off as a "hotcopper" driven "pump & dump" stock is a little premature based on the following points which should be factored in imo.
1. Did you know that todays sp of 2.3c still remains + 667% higher than the sp of .3c preceding the start of that rally in 2009?
2. Did you know that announcements from GlaxoSmithKline, 3M and one of the world's largest FMCG Company's which triggered and drove that rally up until March 2010 are considered to be significantly more relevant to investors of OBJ Ltd today than they were two years ago?
3. Did you know that during that "pump and dump" a total of only 1.4m shares were sold on market by our directors whilst a total of over 20m was accumulated by our directors for the consideration of over $460,000?
September 2009
JEB Holdings 51,011,422
Dr Quirk 9,490,000
Mr Edwards aka JEB Holdings
02 February 2010 - 15,121,374 (off-market transfer)
03 February 2010 + 6,055,715 (rights issue for $139,281.45)
29 June 2010 - 2,608,696 (off-market transfer)
September 2010
JEB Holdings 31,178,088
Mr Edwards 11,222,223
Dr Quirk 16,601,112
Mr Denison 13,380,556
4. Did you know that GlaxoSmithKline only collaborate with the best in proven science and innovation?
5. Did you know that last October a major global FMCG company commenced negotiations with OBJ for the world-wide exclusive access rights to all 3 technology platforms in the field of beauty care and we were advised only last week that considerable progress in these negotiations has been achieved?
6. Did you know that GlaxoSmithKline are collaborating exclusively with OBJ Ltd in the $29 Billion dollar Oral Care sector for developing new oral care products and only last month signed up a new marketing agency with a $100m dollar contract exclusively for their Oral Care products ;)
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