Management have failed to demonstrate to the market or anybody else up to this date that OBL is worth anything at all. Not backward in coming forward in being paid huge salaries considering the stock price has been falling for years.
The announcement is positive with another carrot being dangled. Management need to get the blinkers off and introduce themselves to reality. The announcement is not price sensitive unless they mean to the downside. Management have overseen a smashed stock price for about 3 years now whilst being paid huge salaries. Negotiations are continuing........I'm sick of hearing this cr@p.
They have looked after themselves with Lind. It's about time there was some consideration for their shareholders instead of this condescending thanks towards shareholders for being smashed.
It's what I have said before.......the only thing that will move the stock price forwards in a sustainable uptrend is a gob smacking company making announcement. Not just one but two is needed now to clear this incredible negative sentiment towards the company and it's management.
Management have been overseeing a smashed stock price for years comfortably waiting for court outcomes when they should have had farm-in partners ready to sign. Snails move faster.
OBL Price at posting:
0.6¢ Sentiment: None Disclosure: Held
