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turbotommy

981 Posts.

1

03/10/14

17:12

Post #: 14072946
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Originally posted by hopeful2 ↑

Mak,

" Your main argument has always been that they need to show revenues to sustain the marketcap. Well since you started this line of thought and started selling out, the share price has doubled and we're no closer to knowing what revenues will be. So I would say you have been pretty inaccurate."

Incorrect. My argument has always been that they need to show "projected" revenues (at the very least) like most other growth companies do. How can we justify the current MC, which is based on future growth, when there is no guidance? The calculations presented by posters on HC are clearly biased, uncritical and inaccurate and often based on false or imagined premises. Obviously current revenues are irrelevant otherwise the SP would be less than 1c! I have never argued from a current revenue perspective as it would be meaningless.

FYI, I started selling out, as you say, at 10.5c. I started voicing my concerns about the SP being over-inflated once it hit 6c. Once it hit 10.5c I had to go with my reasoned instincts - in fact one of the main reasons for selling was the blatant ramping here on HC. What some might see as collective belief in the stock, I interpreted as unreasoned, emotional speculation. I have encountered nothing to change that opinion since the 6c level. If anything, the quality of the posts and the ramping activity has become worse. There are very few posters worth taking seriously - although it is perversely entertaining to read some of the more outrageous posts.

One thing I can say with absolute conviction that I firmly agree with you about is: "You just can't predict the market, it's a volatile beast."......and that beast can bite! Cheers.

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Well hopeful2 your message is certainly not very hopeful, l can see its just your concern for all the OBJ babies that are still thinking this company could do great things, it must be why you have decided to help the misguided souls around HC, instead of just taking your profit and saying thanks for your money what a guy.

OBJ Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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