WFL 0.00% 0.3¢ wellfully limited

'perhaps clarity of future funding will clear the air, i.e,...

  1. 3,636 Posts.
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    'perhaps clarity of future funding will clear the air, i.e, raising of funds that suggest, imo, OBJ will finally and at long last finally commercialise something, anything!'

    I and others I know will be beyond disappointed if the current BoD have strategically chosen to remain quiet with OBJ information/communication and then go on to adopt a Convertible Note approach to funding the Beauty Device Division, which is obviously beneficial to Convertible Note Conversion rates for the CN investors when the listed entity remains tight-lipped and the share price languishes, affording the CN investors more shares based on the VWAP, giving the current Shareholders more dilution. In OBJ's scenario, with SS now being the Chairman of the potential investment vehicle, this could be perceived by some as representing a conflict of interest imo.
 
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