Australia's largest stock trading and investment forum Australia's #1 stock forum

WFL

0.00%

0.3¢ wellfully limited

Is OBJ just PNO 2.0...?, page-8

First 8 Last

Share
Profile

Follow
attitudes

3,171 Posts.

434

14/02/20

09:31

Post #: 42927970
Share

Originally posted by AlphaG6 ↑

The biggest issue I have with this whole situation is that it was spung on us without any previous indication that the board was looking at making any sort of an acquistion, especially one of this magnitude. One simple ASX announcement stating that the board was looking at potential acquistions to drive growth would have avioded this blindside, built credibility and may have increased the share price. Especially since they have been working on this for over a year.

At this stage there is no proof that they are going to sell off OBJ IP (and in my opinion its unlikely they will) but was there any proof of OBJ doing this acquisition. If they were going to sell off the IP would they announce that or tell anyone given that the never announced the NS acquisition? Those sort of questions (no matter how ludicrous the seem) have been caused by the actions of our board and their ability to clearly layout this acquisition and their future plans. They should be aware of the history of OBJ and it would have been great if they would have started off with a focus on clear communication. Especially considering our management teams credentials and their track record on building great companies from scratch.

I hope they learn from this and manage the communications of the company better in the future. OBJ is not a private company. It is publicly listed and they need to make sure they ahere to the requirements of being on the board of such a company.

Expand

They made that statement from the beginning that part of there strategy was to make acquisitions, it was no surprise to me.

Last edited by attitudes: 14/02/20

OBJ Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

First 8 Last

Add WFL (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $1.478M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Is OBJ just PNO 2.0...?, page-8

Banshee's historic trenches prove rich in antimony and gold for GDM

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Featured News

Featured News

Is OBJ just PNO 2.0...?, page-8

Top Stories

Banshee's historic trenches prove rich in antimony and gold for GDM

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Featured News

Featured News