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OBJ appoints Paul Peros as CEO of new device business, page-193

  1. 207 Posts.
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    "Now why would someone who was the former CEO of Foreo get behind a small company out in Perth worth a measly $27million in a full time capacity putting their reputation on the line if they did not see the potential to create real wealth."

    I'm sure you're right AMG but I'm not sure that people are asking what your comment means.

    Right now we have some top people joining OBJ and we are about to launch our own products onto the world market. IMO there is no way known that Paul Peros and Steve Schapera are in this company just to earn a salary or director's fees, yet that is where they are at at the moment.

    The obvious inference is that they see real potential in what is being done and they want to be part of it. That means that they will want to get a larger slice of the action. So what seems likely is that at some stage soon, by some means or another, and it won't be bonus shares, they will end up with a sizeable part of the action.

    Perhaps they will acquire more capital in OBJ. Perhaps they may be involved in the distribution channel.

    What we haven't yet learned is the mechanics of how it is going to be done.

    If I'm wrong, then why are they spending so much time on OBJ?
 
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