Though this would want to have ‘green shoots’ well before one year is up, imo.
Until that time would any sp appreciation not be due partly/entirely to increased revenues from P&G, especially in the absence of a material announcement meanwhile, a deal that was done under the guidance of Glyn that kept the company alive and now paying the salaries of OBJ staff?
Glyn and team could have done better? They did blaze a path for a start, extent of inexperience? To some degree for sure, as many start-up company’s will experience.
Could I suggest this; expections from shareholders in 2014, P&G sign up, were unrealistic, as mine, what company would not have pumped this, our lookout to realise the time frames and other hurdles involved before successful commercialisation.
That the former BOD did not negotiate a ‘strong’ commercial deal; were the royalty rates standard OR not?
That’s all ancient history now except when used, rightly or wrongly, by folks in the present to account for the postion OBJ is in.
Time for the ‘new’ BOD to prove their mettle, ......give them their pay increase and give them some time to do their job, let’s see what’s next!
OBJ Price at posting:
2.3¢ Sentiment: None Disclosure: Held
(20min delay)