Thought-provoking posts Smac & Jase and thanks.
We all need to remember that these types of posts are exactly what Hotcopper is designed for.........questioning, discussion and intelligent debate. Although your opinions Attitudes are admirable in defense of OBJ's current BoD, imo your comments are once again over-the-top and completely unwarranted. 'Thumbs Up' are usually a sound thermometer for gauging Shareholder support. Where are your TU from your purported supporters?.......'others are contacting me directly and believe you are' & 'I am not the only investor not happy with these rumblings Jase'.........Sorry Attitudes, but I'm not convinced.
I absolutely support Jase's comments 'This is the very reason why I think a new chairman and additional directors need to be appointed now - executives that will have the commercial foresight to plan well ahead to ensure that our remarkable company sees significant revenues being secured that are commensurate with the company's ground breaking technology.' This comment is purely regurgitating what Glyn & Jeff have already said themselves and what has been announced publicly via ASX. If Glyn, Jeff and the rest of OBJ Shareholders already recognise that current Revenues from P&G are a major concern; then why can't you?
Glyn has done a wonderful job in getting OBJ this far and Glyn is the the one who has now acknowledged that for the benefit of OBJ and it's Shareholders; that it is Now time for a new Chairman with International acumen, to step up and take the reigns and direct OBJ through new commercial terrain. Jase is not undermining Glyn in any way. He is simply agreeing with Glyn & Jeff and highlighting the need to Now get on with the job of successfully appointing the new Chairman and additional Directors, to bolster the BoD and in actuality restore some much needed equilibrium moving forward.
Attitudes, this comment from you is not factual 'he has made it very clear he will only leave when he feels he has completed what he needs to complete and secondly not until he finds the right person'. Re-listen to the Conference Call, the AGM recording and the publicly available ASX announcements. Glyn has made it abundantly clear that he IS and WILL BE stepping down from the position of Chairman and not when 'he feels he has completed what he needs to complete' and the selection process for the new Chairman is not based around 'until he finds the right person'. The final say on who the new Chairman will be, does not rest on Glyn's shoulders.
I think it takes a certain type of person to recognise that they don't have the required International skill-set to take OBJ to the next level; and I respect Glyn all the more for recognising this fact. Afterall, it is also in Glyn's own personal interests to have the right Chairman at the helm moving forward, as Glyn is also a major Shareholder himself.
After all these years, Revenue is what is needed and the OBJ BoD are finally well aware of this fact as outlined via the Conference Call & recent AGM. One thing that we all need to remember is that to date, on a global scale, we have only officially been notified that OBJ's technology platforms have been integrated into one million products so far and this figure was never going to see OBJ's share-price fly to new heights given our 2-3% slice.
With Integrated products on the way, a global Magnemasks launch, two new Advanced Packaged products and rumblings of the 2nd Technology Platform, BodyGuard & Surface Hygiene; thanks to Glyn & Co, OBJ are in a wonderful fundamental position and for this I am grateful. I say bring on the injection of new commercial prowess and humbly thank all those who have contributed to OBJ's success to date. Everything changes, our bodies, the seasons and Technology; so let's get this show on the road NOW
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