Moves up to 2.1c, goes into a trading halt, followed by announce of very lucrative JDA with Global FMCG Company. Then OBJ opens with a gap up to 6c, trading as high as 7.5c and closes on it high. Tomorrow it opens at 8c gets as high as 10.5 and closes at 10c. Drifts back to 8c of the following few days then has another assault on 10c and closes at 10.5c and works its way up to 12c as the ramifications of such a deal begin to be recognised by the market.
Of course it’s all of the above is in my imagination but a possible scenario.
Extract from announcement on 25/10/11 - 14:30.
OBJ Limited (ASX:OBJ) is pleased to announce that a global FMCG company has
commenced negotiations with the Company for a Joint Development Agreement (JDA) for
the development and commercialisation of new products in the consumer health and beauty fields utilising OBJ’s three core technologies.
This follows the successful completion of a year-long technical evaluation announced in September 2010.
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