Ann: Non-Renounceable Rights Issue , page-8

  1. 34,916 Posts.
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    Congratulations Surges, you were right. Now OBJ is just one of the crowd. All the super-pro OBJ boys always used their lack of need to issues shares and all costs being paid by their partners as their biggest asset. And this was true. Going it alone is gonna cost ALOT of money and clearly there is no imminent partner deal on the table with their 'hush hush' partnerships as otherwsie why would you choose to raise money at a mere 1.5c right now? Another 235mill shares for just $3.53mill (of which $385K + loads of options goes to Novus Capital)? Shocking effort. Gonna be a tough year looking forward for shareholders.
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