Ann: Grant of PEP 487 over the Derby Block , page-14

re: Ann: OXX: Grant of PEP 487 over the Derby... I like your term Phyrric victory.

IMO, management has done everything possible to keep OBL afloat and sailing. As i mentioned before, OBL has very little choice in terms of fund raising in this environment. Pre-GFC, hype alone is sufficient, nowadays investors needs something more solid.

Where i am leading with this is, in the shorter term, Holders must latch down and weather the "Lind" effect.

It will also be a Phyrric victory for shareholders if OBL finally gets to the day where OBL is finally in production, but with the sheer dilution (in IC and Farm-ins) that OBL remains as a penny stock.