OBJ - ADO

  1. 5,184 Posts.
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    Yes, written from a position of no credibility.

    Gullible investers, mostly retail are the target group here.
    Eureka and other investor newsletters I receive make no mention of it.


    Without attempting cross promotion, ADO just presented its case in a convertible note/ entitlement issue in regards of acquisition of a manufacturing base in Europe.
    CEO and CFO are putting their own money up to support the issue.

    What stark contrast to procedures here at OBJ where directors and managing broker sell when share price is inflated and buy back in when price has been pushed down over the length of a year.
    That is true for our broker.

    Our directors, on the other hand, here just cash in on performance right issues, again no own money being upfronted.

    One needs to be wearing thickly rose coloured glasses not to let this fact get to close for comfort.
 
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