There is no need for it and I can't think of a penny stock that consolidated and wasn't pushed back down. ( I have unfortunately held a few of these disasters over the years ) .
Better for OBJ to buy back shares only if / when it has very significant cash flow & reserves. Don't believe having a share price over $0.50 inoculates you from the shenanigans of the ASX casino.
Maybe share price would be more substantial when management provides clarity, leadership, financial guidance and confidence to the market.
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Mkt cap ! $1.478M | |||
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