I believe the point is simple and represents the general market viewpoint of OBJ, which IMO is all of the below, and the reason it has slid from 10c to 2 cents:
-It has had many, MANY multiples of years to produce adequate results, and has failed to date.
-It has NOT produced the slurry of products it projected from years ago, only a spattering of short life co-products for others. Despite years of promises, there is no cleaning products, no bodyguard products, no ETP products, no products in medical or anywhere, nothing other than a handful bonus-buy applicators for limited cosmetic runs.
-For those few products it does have, they have been in market long enough to reasonable expect good financial results, but they haven't delivered. The company has an alarming long, LONG history of being in financial loss. It has never made a formal FORECAST, PREDICTION, OR TIMELINE OF EXPECTATION when it will actually be making money.
- As the product results have not been achieved, the products in market can only logically be considered FAILURES.
-It has not attracted more than one partner to date (P&G). Where is ANY products with the others? where is our GSK products? where is our Bodygaurd Partner? where is anyone else? -they are running away, again after years of promise with no delivery.
-It has produced no major revenue streams, this company knows ONLY LOSS. It literally hasn't made a dollar positive, even the ATO itself could write them off as a tax deduction.
-it has no major institutional backers or investors, despite years and years of roadshows and promise, no one is getting behind it at a wholesale level. Its a dead stick to the market.
- its had multiple cap raisings, all of which appear to have achieved seemingly nothing other than dilution and SP erosion, and yet it looks to be considering more,
- When the market wants answers, It continues to hide anything and everything under a convenient veil of confidentially, or play ignorant, yet it cherry picks exclusions for certain soph investors, as proven in the Feb 2016 report.
-its directors blame its own concerned mum and dad investors for the SP losses on Conf Calls, then continue to reward themselves handsomely, including increases(last AGM). At no point anywhere has any report cited consideration for improvement in the share price. Instead its ignored at the board level, and merely left to rot on its path to self-destruction.
Now, You might be yelling at the screen right now, totally disagreeing with all of the above, furiously writing your vengeful response for one individual - Good for you. But, whilst your doing that, just remember there is millions of individuals watching the market who arnt. The vast VAST majority of them continue to see no future in OBJ, and the exodus of holders continues. 2c is just another stepping stone to de-listing. If your positive about OBJ right now, your in the very VERY small minority.
Overall right now, any positive posts in here are no different to performing CPR on a dead person. I admire the never-say-die trait, and the fighting to the bitter end ideology, but I'm sorry,....i think its time to call it..... . Its over..... Its not coming back by wishing it to life again through optimism.
can it be saved?, possibly... but not by sticking heads in sand and pretending its all going to be OK. It requires a cremation of the existing structure, and inheritance to a whole new generation to take the reigns. OBJ doesn't need a stick up the a, but instead a battery of 44 inch naval cannons with "WTF are you doing??" written on every shell.
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if i dont onto the next one and I continue to work.. In the past @lionheart you were a believer , ok it didnt pan out in your time frame, that sucks... it doesnt mean it will never pan out... 10c will happen again , its when not if .. of course in my opinion
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