technical update, page-64

Westhx,

I think you should take a deep breath and prepare to be upset.
A CR is a Monty.

Whether it is called Capital Raising, Book Building, Registry Consolidation...whatever it will be a CR.

The roadshow was all about spruiking to existing significant holders, instos and potential significant holders. OBJ were spruiking to get them to take a position in OBJ. But, these guys don't want to buy at retail prices. They want to buy in with headroom that can be afforded to them by OBJ making a share/options issue to them. OBJ can do this to the % limits allowed in the last AGM. 10 or 15% from memory.

There were lots of emails to Glyn about the roadshow and whether it was about a CR. From what I saw of Glyn's responses he dodged the bullet each time.

Having instos and trusted significant investors taking a larger slice of a company like OBJ is NOT a bad thing.

Sorry to be the cold bucket of water Westhx.
This is only my view and I have been wrong many times afore.