Hi Makattack -
I beg to differ though I also understand where you're coming from. MC is relevant as is the amount of shares on issue - the circa 1.5 b shares in circulation for Obj mean lots of teeny weeny holders - this is often seen in the typical day to day trading activity.
This is also a hindrance to gaining traction in sustaining higher highs as far too many minor hands ( the people I referred to in a previous post as the old guys at the bowling club ......cheers! ) restrict the progress of the Sp via unloading their holdings once the tension at the Bingo table reaches a climax......
What Obj requires is a different level of investor / boutique fund manager that can soak up all those casually held shares and hold for the greater good - of us longer term holders and the company . I have no doubt that this will take place as earnings and publicity increase our footprint. When this happens I have no idea but once a solid core of either T20 holders decide to do their thing or an informed and motivated ( P and G sourced....) investor starts mopping up all the micro holders and consolidating the registry - then lookout!
Until then - up and down on news flow....more larger holders will enable a less fluid registry which in turn, assuming positive developments, will , should, make it easier to take the shackles off the Sp...personally I will put pen to paper and " enlighten " a fund manager who just may be keen....gotta spread the word!
Cheers Ort
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