Short of cash...., page-97

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23/09/15

09:08

Post #: 16041162
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Originally posted by dossantd ↑

OBJ followers,

I have asked Glyn the following question to which he responded.

Hi Glyn,

Hope your well.

Firstly great presentation on OBJ. The company is really firing on all fronts which is great to see, especially love the idea of our technology in shaving products, huge market!..
Given the cash in the bank and the slow burn rate do you see a need for a CR in the near future or do you believe the revenue we will soon be receiving should cover ongoing costs and development?

As always keep up the wonderful work!
_____________________________________________________________________
Glyns Response:

Hi Daniel, OBJ has embarked upon an investor program where we endeavour to present to institutions in the Eastern States where OBJ is up to and the last time we did that was February this year and a lot has happened in the mean time. We will do another roadshow in next February. OBJ wishes to gain greater interest from institutions where today we have limited involvement by them. We are now a $110m company and we need to get in front of the market more regularly and hopefully we gain more institutions coming onto the register.
We are obliged to post any such presentations onto the website as soon as we start presenting which was in Brisbane on Monday morning.
Hope that explains where we are at.

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I think we should all reread Glyn's response to the CR question as it all seems quite clear to me especcially these words

"OBJ has embarked upon an investor program where we endeavour to present to institutions in the Eastern States"

And behold we have a trading holt a few weeks later ...sounds like they must have been successful, it all ties into what Glyn was aiming for ..."MORE INSTITUTIONS ON THE REGISTER"

I'm upbeat let';s wait and see just who and how much stock they want and at what price ...sounds progressive to me ...all in my opinion only DYOR

OBJ Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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Short of cash...., page-97

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