fyi (apologies if posted already) :...

fyi (apologies if posted already) :

http://www.argonaut.com/news/morning-notes/3161-28-09-2017-argonaut-morning-note.html

OBJ Limited (OBJ) | Ceasing Coverage | HOLD
Market Cap $75.8m | Current Price $0.042
OBJ has many irons in the fire and is progressing towards “cash-flow neutral”, a key inflection point. We believe the underlying technology has significant value, and the fact that it has been validated by Procter & Gamble highlights the potential for OBJ. But, we are now concerned that the ramp up in cash flows will be slower than initially expected and it will take longer for OBJ to realise its full potential. Further, recent inconsistencies in representations to the market, including the unclear performance rights issue and discrepancies in forecast sales volumes for the recently launched Magnetic Booster, create uncertainty. Until this dissipates, we believe a HOLD call remains appropriate. We are ceasing coverage on issue of this note, as part of an industrial research re-focus.