fundamentals of obj, page-8

teamwilly,

"OBJ is in possession of some very powerful IP, this IP can generate huge profits and market share to partners for very small bolt on costs. Fundamentally this will be rewarded down the road."


There is a huge leap of faith from the "can generate huge profits" to "will be rewarded". I hope you are right. The point I was making is that this potential is not an asset in fundamental terms.

" from where I'm sitting the paid R&D from partners is income."

Sure. The P&G R&D payments WILL BE (ie is not currently) income. It is also expended income, so neutral on the balance sheet.

"Why should the roadshow provide any more info than what has been released already? Why should sophisticated investors have more info than us? The roadshow was intended to showcase OBJ and make the market aware of this little gem and it's connection to P&G GSK and all the other partners."

This is not what I was advocating. I was commenting on the market sensitive information that was given to an individual broker that should be available for public consumption. I am sorry if that was not clear in my post.


"Why don't you tell us of when the directors should sell some of their shares. The directors are in possession of sensitive information 90% of the time , that;s their job. They found a window after the P&G announcement to do this trade without being in conflict. You are a share holder in PNO , do you agree with the way directors rewarded themselves and compare the income of directors to OBJ directors and report back to us here."

The directors can sell their shares whenever they like, for whatever the reason they wish. The point I was making, apart from the fact that it is never a good look for directors to sell, is that their selling suggests to me that there is no imminent product launch that would significantly increase the SP. With the knowledge of such an event, given the expected rise in the SP, it would be sheer madness to sell at the lower price IMO.

"Do some research and I'm sure you will change your mind."

I can assure you that, as a holder of many years standing, I have undertaken exhaustive research into OBJ. I have no doubts about the efficacy of the company or its prospects. I merely question the current market valuation given the confirmed facts available. Thanks for the suggestion though.