I had lost track of their cash position which is still a healthy...

I had lost track of their cash position which is still a healthy $5m so a placement is not on the table. However, there is just no catalyst to buy this stock.

It pains me to say but what will stop this from retracing significantly further, other than the perceived value of the company?

How often do we see this type of nothing announcement from OBJ and then 10 minutes later the stock is down 10% and the following week its down 40%. I do not blame anyone from abandoning this company for other more upbeat and bouyant stocks.

Down 9% as I write this.