WFL (ASX) SP

Originally posted by BazTokyo ↑

What do you mean? How many shakeouts are needed, or are the previously toted shakeouts no longer termed shakeouts?
As has been the case all year, broker accounts in control, not the smaller investor or HC poster.
Price rises were based on speculative worth of the p and g agreement, and market appears still not convinced. Without some relevant news and updates (neither of whixh have been particularly forthcoming from the company), or some actual revenue deriving from agreements, Obj remains just another of the potentials of which the asx is overweighted with. Still optimistic based on the agreements, patent flow and impending agreement possibilities, but really if the board wants a little more credibility and wants to distance themselves from the dearth of similarly priced dog stocks, they really need to step up and exercise a little more p and r prowess and action. That point was raised hundreds of times in posts over the past few years, but seemed to die down fillowing the announcement in April (almost 6 months back). About time holders started raising the communication point with Glynn again since seems they have slipped back into their old habits of mushroom farming. That is concerning since good communication is a fundamental skill of any mature company and board. Any idiot can make promises without delivery - just take a look at the communications of many other spec small cap stocks down under. So getting tiring being lumped in the same basket and anticipating the time Obj matures further and starts promoting itself in a corporate financial sense as a listed conpany that it is. Patents and journal excerpts are all fine, but at a corporate or PR level dont really cut it at enticing investment. Pretty sad when the only anticipation and speculation relates to the twice a year reports, neither of which can say much aince everything is privileged information.

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What do you mean? How many shakeouts are needed, or are the previously toted shakeouts no longer termed shakeouts?

The same shakeout that preceded the two largest rises in OBJs share price history.

I gave up a long time ago on my usual demands for proper disclosure when it comes to investing in a company. I've come to the conclusion that when a minnow deals with a conglomerate, the conglomerate rules, even as far as flouting the ASX laws of timely disclosure . For me it was a leap of faith that I wouldn't usually entertain and normally I would be very nervous. However when it comes to OBJ they have always delivered in the end so my concerns have been alleviated somewhat. We know for a fact that a commercial product with P&G is due. My choice from here is to continue with my faith or to go and find other companies with far less potential but more clarity. I choose the former, it has worked well for me so far with OBJ.

In the end the ASX is not a level playing field, share prices get manipulated by those with bigger bank balances and those with privileged information. We tend to get nervous when the share price falls and confident again when the share price rises. But the reality is between last month's share price of 10c+, the month before of 8c, and today's at 8.9c, fundamentaly I doubt anything has really changed. Our emotions are based around the share price, not the fundamentals. Well that's the way I see it anyway. I'll be buying a trade portion if this gets low to mid 8s which I suspect it might. Tomorrow's action will be very important.