Technology Stocks On The Rise, page-13

Hi couchtrader,

There's a couple of good lessons to be taken from this, couchtrader;

1. Rigorous research is the first

2. In the space of 10 years if Glyn can take OBJ from a small company capitalized at $10m (2008) with less than 10 employees and revenue of $1 million pa into a global enterprise with over 1000 employees, 18 offices in 12 countries across 4 continents, a ten-year compound growth rate of over 40% unaffected by a market crash (2002) reporting annual revenue of over $300 million pa and a MktCap of $2.8 billion by 2018... and then resigns a few months later, just as he did with ERG in 2003, then 2018 may be a good time to consider taking some profit. Imo.

There is no doubt that what was once Australia's greatest technology stock valued by the market in the billions had some serious issues before the end of its voyage in 2012 (and even during Glyn's tenure) - namely the NSW and Victorian government debacles and patent disputes with the operator of the world's largest automated smartcard transit system which was developed by ERG with ERG patented technology, however when digging for dirt on management it's equally important to understand the role that each person may have been responsible for in order to better evaluate past performance...

These were Glyn's roles at ERG from 1987 to 2003...



The following was reported by ERG Group during the market crash of 2002, and only a few months before Glyn's departure in 2003...








As for ERG and the entire Global Technology Market crashing during 2002, I can understand those who may wish to point the finger at the OBJ Director because during 2008/2009 a number of posters on this forum were convinced that he was also solely responsible for the Global Financial Crisis.





The sad conclusion to this story is really one that we see being repeated far too often in this country... An innovative technology developed and funded in Australia by Australians has grown to become the largest smart card system in the world today, and for those Australian inventors, developers, and investors of this global technology, it is worth absolutely nothing!