IMO:
Unfortunately the share price is reflective of a clear fact - OBJ holds zero% confidence in the market, and has burned almost all of its investment bridges with its inability to meet basic market expectations.
These current reports demonstrate this perfectly, and highlight a simple reality, which argue as you like, is now a clear historical fact:
OBJ HAS a historical reputation for long term under delivering.
Year in, year out its:
2010->2015 - "Promise promise promise... Wait.... Wait Some more ... Company remains cash negative"
Next years report
2016 - "Promise promise promise... Wait.... Wait Some more... Company remains cash negative"
Next years report
2017- "Promise promise promise... Wait....Wait Some more.... Company remains cash negative"
Next years report
2018 - "Promise promise promise... Wait....Wait Some more.... Company remains cash negative"
Repeat.....
I cant see how any serious investor would take OBJ seriously at this stage. Year after year its the same story, same excuse, same result, with no sign of anything to break that.
For me personally, its in my best interests to try and ride out my investment with OBJ - but for new investors I have to say my opinion is "do not buy, nor hold". The fundamental pattern remains overwhelmingly "run for the hills". There is absolutely nothing on the horizon to indicate 2019, 2020, or 2021 with be any different.
I previously was a supporter of the board, and I hold nothing against them personally. I respect each of them, and I believe they have a massive ability to offer in their fields and capabilities. BUT logically I have to conclude that after so long, with so much promise, and no real results - the the status quo cant continue
So love them or hate them, hold them to accolade or to account, I believe there is no choice but to consider wiping out the entire board, along with complete restructure and total re-assessment of all approaches within the company.
In short - "This is not working". Its time to realize that.
As always I would love OBJ to prove me wrong with a left field announcement that's "game changing","Coconut cracking" or company making. But with its long term yearly history of "promise, failure, wait... promise, failure, wait.. repeat", it seems extraordinarily unlikely.
Unfortunately the only ones making any money from OBJ are the BOD members. 6 figure sums to be exact.
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