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Ann: Shareholder Update June Quarter 2016-OBJ.AX, page-11

  1. 1,250 Posts.
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    Hi Mak,

    Nice rant, and I understand your frustration. So much promise yet to be realised, or maybe not...
    I like your "wrong" in capitals but I'm afraid it is you who is wrong. On July 25 2014 OBJ's closing price was 9.7 cents to be specific - but I did state that the $200 million MC was "at that time". No matter, I'm sure the point isn't lost on those who do not troll through old posts to unearth minor discrepancies in order to defend the indefensible (as some on these threads tend to do). The exact timing of the share price and the statement is irrelevant. The point is that my argument has been that the MC has indicated that the SP has been grossly overvalued (especially when it hit 13.5 cents) and yet the same old arguments were put forward to justify the high rating. There is nothing "holier than holy" about what I have been consistently arguing for years now - even when I was a large shareholder. I just believe that the current announcements justify my criticisms over the years. Each to their own, I suppose. I still await clear evidence that OBJ will be a company worth over $100 million but I don't see it coming any time soon, so for me the SP remains grossly over priced. By the way, I am quite fond of tripe .
 
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