This whole post reeks of bias imo.
Hotcopper is a Share Trading discussion and information sharing forum and not a dictatorial podium for anybody's particular bias.
'this continuous badgering about the boards accountability regarding the share price in my opinion is very much missplaced'
The only badgering going on around here with the BOD seems to come from only one particular Shareholder who seems to ring or contact GD on an almost daily basis. I wonder who that could be?
'so I would prefer the board feel free to inform us on the great future Obj has instead of having to be in a defensive closed mouth environment which is what will happen if we continue to badger them'
Sorry, this statement simply does not make sense unless you take it as an ultimatum. There is absolutely nothing that Shareholders have done that would incite a closed mouth policy from the BOD; not even the notorious 'product photo' posted on Hotcopper; as we already know the BOD placed a similar 'product photo' in the West Australian that went global. This is utter nonsense and scare tactics imo. The BOD have a fiduciary responsibility to their Shareholders to report market sensitive information when and where it becomes available.
'I am looking forward to the good news and I am getting a little sick of the continuous attitudes that undermine what I believe is a very capable management team.'
Although I won't rehash in this post, you can't argue or dispute verifiable facts and historical proof in relation to resume's, ASX/private communication's, ASX breaches, additional performance bonus criteria's, unacceptable AGM resolutions each year.....the list is much longer as you can imagine. We tend to forgive alot as biased Shareholders.
'I also believe it would be a vey unfortunate event if we were to lose Glyn right at the point where we have a lot of very important irons in the fire to mess with the board at this pr- commercial stage is financial suicide in my opinion. Glyn is a major force behind the relationships he has forged and this is not the time to be undermining him ... he has said if he continues to be pushed he will go and right now is not the time to be pushing him out. We have very high negotiating stakes at play ... so let’s stop meddling with him.'
More bias. Imo, you are not only embarrassing yourself here, you are also embarrassing GD in an unnecessary fashion. GD is a big boy who can stand up for himself...and 'financial suicide' is simply ever-the-top dramatic speak imo. Not that I want GD to go (even though he said he was originally); but we do already have Dr Steve Mellor for 'Negotiating' and a new Director with very high negotiating skills. Just saying.
'so let’s stop meddling with him'
Discussing a particular Director's performance of any ASX listed Company, should not be considered meddling in any way, shape or form. GD understands this very simple business concept, so I am unsure Attitudes as to why you are once again trying to use the Hotcopper forum from a biased and dictatorial perspective; on behalf of your very well-researched and astute fellow Shareholders.
Whether you like it or not Attitudes, the OBJ BOD is accountable in the same manner as any other listed ASX entity. Shareholders pay them handsomely to do a job and then Shareholders review their job performance to ensure accountability. This is how business works currently, so no need to be so precious in defending the OBJ BOD. If anything, this 'accountability' should have been given much more scrutiny over previous years as opposed to the previous gung-ho/set'n'forget mentality previously adopted by most OBJ Shareholders.
I'm at the stage with the current OBJ BOD where I would like to give this BOD the benefit of doubt for another 12 months to prove everything up. But this reprieve for our BOD certainly doesn't mean that I will continue to bury my head in the sand and be in agreement with biased and dictatorial rhetoric from anybody. OBJ's current 'Share-price' predicament is NOT at the hands of it's Shareholders........the very same Shareholders who have financed the whole OBJ show from the beginning. That pill is just too big to swallow (maybe a magnetic booster will make it more palatable). OBJ's Share-price is obviously in the hands of the people who are handed the '
job' of running the company - the BoD. There's no denying of this fact. Like it or not. And all 'jobs' are accountable to someone.
P'S - don't forget to save me a seat or I WILL hold you accountable
.
(20min delay)