$700,000, page-56

"If shareholders had just accepted what was proposed, and the patent announcement came out, and no shareholder letter was issued, do you think we would be sub 7c today? Could it be that shareholders can be their own worst enemy?"

Here is a list of OBJ beliefs that are finally being questioned due to this event:

1) Management are business geniuses VERSUS Maybe they lack knowledge regarding commercialisation, communication, and ASX rules.

2) Management are moral giants VERSUS Maybe this is just a share grab.

3) Confidentiality agreements stop management from giving business timelines VERSUS Maybe things aren’t as rosy as we think (10c in 2018?!).

So maybe it’s not shareholders complaining that is causing the s/p to fall. Instead, the s/p might be falling due to the questioning of some investment assumptions.

So much has been built up around the confidentiality theory, dating back six or more years. It allowed people to think that new tech developments were super-top-secret, that big business was desperate to pounce on it and didn’t want competitors to know, that huge wheeling and dealing was going on in the background, that management knew way more valuable stuff that they couldn’t say, that a huge deal was due any day. But many years later, the process still seems extremely slow, just as Glyn keeps warning.