Baz, thanks for your message. Yes I did belittle his post as he was so gun-ho prior to the announcment that we were going to hit 10 cents. It was simply never going to happen!!
Baz, based on research my view is as follows:
Market sentiment towards OBJ and the BoD's poor delivery of communication and lack of Transparency around revenue, is at an all time low.
I believe we will not see 10 cents again for the coming 1-2 years. In infact I see another CR in the coming 12 months from the BoD to diversify into other area's and go it alone or in partnership where they will need to cough up capital.
Current state is a one horse race with P&G! Unfortunately this is not great for OBJ and I believe the BoD negotiated poorly in terms of revenue / royalites and to be fair they were just excited that they were in bed with one of the largest FMCG companies in the world (hence cracking the coconut), there has been no evidence to date that is not the case and looking at the poor results from the last 4C I think I am on the money in regards to my views. I am really happy to be wrong as I would love to either break even or mark some money, however I dont see this happening for sometime!!
Finally I expect they will be trying hard to hit a milestone before end of year for some more shares or will twist the wording to ensure they get it on legal techicalities. I also expect a fancy powerpoint presentation soon from the BoD in the count down towards the AGM, this will highlight their amazing work over the past 5 years, where we are going ,the development work, etc, etc, etc
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