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Ann: Audited Financial Statements for FY2017, page-6

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47

22/02/18

23:49

Post #: 31274200
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Originally posted by Ivanovich ↑

I met with one of the directors of MOB in Melbourne to get a handle of what was really going on after emailing Oren. Oren is a lovely guy, very responsive and passionate. MOB has an issue in that there is no tangible head office presence in Australia. If you go to their website there is no Australian contact details yet they are listed here in Australia. They have no investor relations presence and there's no-one promoting the story to the fundie's. The result is no-one knows what they do and no-one cares. A fair amount of stock was being distributed as well so presume that was from pre IPO holders or IPO fundies that lost patience. Sadly this stock is going nowhere unless they pull rabbit out of the hat and go cash flow positive then start announcing profits to attract attention. Very frustrating as there are a lot worse companies that have been over hyped and have had substantial SP appreciation.

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Did the Director allude to anything they may do to bring more awareness? Or are they happy to wait it out and let seed sell till the balance sheet reaches a point that people take notice?

MOB Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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