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Institutional support / share consolidation, page-3

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amg63

4,114 Posts.

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29/06/18

10:30

Post #: 34032108
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Originally posted by PickmeAmonkey ↑

Now that we have further commitment from P&G it appears that our Tech is pretty good

Aside from being the plaything of B&Y we have never really had any institutional support. I'm hoping with further P&G products we will start catching the eye of US investment groups.

To that end do people think we should consider a share consolidation? Many investment firms have rules around preventing them in investing in companies with SP under a certain level. A consolidation may also help OBJ shed the penny dreadful tag and flush out some traders.

Now in the past I've never had any joy from share consolidations however my other main holding NEU has recently completed one to remove barriers to US investment and has held up well.

I would wait until some further good news and SP appreciation however I think a consolidation is worth considering.

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To put it simply consolidations are a bad idea, rarely does it work in favour of the SP.

OBJ Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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