@Beancounterobj the reason for the options is purely to give "current" shareholders some value back possibly. To have all New investors having "our" obj at NO PREMIUM at all , when we are diluted can be seen as Ned Kelly gang strikes again,,,
Nowhere in the last 14 months have we the shareholders been given any information on how it was gonna be funded, other than the board last year stated no CR before the next AGM .
We were told a year ago of a BACK payment, that carrot dangled gave many the assumption that we would have enough $$ to maybe get something off the ground, like bodyguard a year later than we expected, revised P & G terms, a year after it was anticipated. Then Paul comes on board with a $500k salary .
Steve shared 2 years ago 5 times $100 million dollar busineses, yet we were explained in any detail at all HOW it could come about.
The fact that NO shareholders would have thought in a million years that this kind of proposal would even happen, even though 14 months in the making, plus the fact we are getting ZERO premium , and on top of that diluted big time.
To add insult on top of that the announcements coming after trading halt, and the fact we as shareholders could not explain that the price was at multi year lows , despite told a new product out first quarter 2020, Partner of the year P & G, Paul Peros coming on board yet the price HALVED. Wellfully being developed and Reduit... yes kept being sold down. Now its as clear as day... A plan NOT for our benefit but others, to steal the tech we have and NO OTHER has, I am sure there are other nutrient sports companies out there, what does NS have that is unique in the world ...Nothing... We should not be begging cap in hand to DANNY.
Just raise $10mill cash, no debt launch bodyguard and wholesale to Danny... and wholesale our other UNIQUE products, keep getting money from P & G and 2 new products, get reduit happening with the EMBARGO 'd surprise product at CES 2020 and we gain, and diluted only a small percentage and still have FULL ownership of our tech and not just 20% of it.
Sorry if I get a bit cynical but right now we have a "tiny bit of bargaining power" as the rug HAS been pulled from under us. We need to fight to get more for existing holders and not let it all be handed over to people whom have had NO involvement did NOT RISK anything over the last 5-10 years to take OBJ to NOW.
We RIGHTFULLY should be given a BETTER deal. Its like we the OWNERS have NO say, take it or leave it, they have NOT even given us a PLAN B, are they that arrogant and confident, that they think we have no value???
Lets see what more information, and I mean DETAILED information, not hocus pocus , if buts or maybe's. Enough waffle , now FACTS or they may be disappointed...
People (shareholders) get to the point where they have had enough.... they have flown very close to the edge regarding material information NOT given to shareholders ...
interesting the response the board has to woo over us loyal holders ....
OBJ Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
(20min delay)