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Primusa, I agree with your concern about director's currently...

  1. 887 Posts.
    Primusa, I agree with your concern about director's currently not buying.

    On this, I agree with Abdm and others here; that it is because we have been at various stages of negotiations with different potential partners. So for a director to buy, being privy to said negotiations, would constitute insider trading.

    I beleive we are now in negotiations with at least 3 companies, and optimistically speaking, perhaps as many as 6.

    One of those current negotiations was already confirmed by OBJ in their announcement on 25/10/11. From that:



    GLOBAL FMCG COMPANY TO SECURE ACCESS RIGHTS FOR BEAUTY CARE

    OBJ Limited (ASX:OBJ) is pleased to announce that a global FMCG company has commenced negotiations with the Company for a Joint Development Agreement (JDA) for the development and commercialisation of new products in the consumer health and beauty fields utilising OBJ’s three core technologies.



    So right now, because of these CONFIRMED NEGOTIATIONS, no director can buy. And it is a fair assumption, that said negotiations have been going for at least a few months - if you read the wording of the announcement.

    Primusa, hope this helps ease your valid concern about director buying.
 
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