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Your last line is the most important one ! Where will the...

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teamwilly

1,372 Posts.

07/11/19

17:48

Post #: 41304573
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Originally posted by rebel1: ↑

If shareholders vote no... what has Steve and Paul got as plan B? They must be confident to get the $50 mill.. very ambitious..

There will need to be a lot more information given out before $50 mill will be handed over .

I am sure Peros and Shappera will have positive spin , and compelling reasons why we as shareholders should vote yes.

.is it 50.1 % that has to say yes? or more than 80%.

The big question is what does OBJ see in this company that makes them want to pay $85 mill for it (well its really $62 mill as inventory etc is $23 mill)less the building , assuming its worth 12 mill.. so $50 mill...

Does the obj losses carry into the new company? So no tax payable for a while,

Its a way for the obj tech to be bought up cheaply by others .

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Your last line is the most important one ! Where will the patents reside that OBJ holds ?
Is this a convoluted effort to extract the IP from shareholders to be sold at a later stage by another entity for real $ ...? I see the OBJ IP as the most valuable asset in this schomozzel .

From where I'm standing ...this deal sucks big time !

TW

OBJ Price at posting: 1.5¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

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