The writing was on the wall just by looking at the chart all...

First 4 Last

Share
Profile

Follow
bitluck

623 Posts.

89

31/07/19

18:06

Post #: 39793534
Share

Originally posted by Westhx: ↑

I own too many of these (over 3 mil) having doubled my holdings at 5.5 cents and again at 3 cents. What can I say except the obvious. The receipts from p&g are not enough to avoid a capital raising for Obj's in house products. Just 2.2 mil left. Denison also mislead me with regard to the 7 figure up front payment for the second tech.

P&G still doesn't even cover the admin and corporate costs.

The shareholder update barely mentions p&g.

With a CR now a certainty to fund bodyguard and little green venture you have to ask how low and how much dilution. we have enough cash for two more quarters.

I invested in obj because of p&g and that has proven to be a disaster. yet I don't see bodyguard or a cannabis patch as big earners. That just leaves Obj in-house products that may actually compete with p&g. How will these be marketed?

Do I wait for product development updates re p&g? We need certainty that much higher revenues are forthcoming from p&g.

I anticipate a CR sub one cent within a couple of months if things keep tracking as they are.

Directors should start buying in large quantities. the person who dumped 3.5 mil shared yesterday is probably feeling relieved as I can't see how this stock tracks higher from here.

Unsure whether to hold anymore. The capital loss will be extreme.

Expand

The writing was on the wall just by looking at the chart all these years. The time to sell was back in 2014 when everything was the sky is the limit. Remember all the research by abdm. Sold half in 2014 and got tired of waiting and sold the other half in 2017. Back again in 2019 but big mistake, the capital raising is on the cards now. I am keeping just small holding in case the next CR is not calculated based on holding.

OBJ Price at posting: 1.5¢ Sentiment: Sell Disclosure: Held
3 Upvote

0 Great analysis

Reply