Interesting couple of days for OBJ as it waits fro results in February:
1. Looks like The Speculator is now on the OBJ story. This might help to explain some of the latest volumes.
2. OBJ Ltd (ASX: OBJ) noted the overnight publication by the Journal of
Pharmaceutical Science of a paper into the enhanced transdermal delivery of
Naltrexone by the Companys technology.
The paper is published by Wiley Interscience and the American Pharmacists and I believe that it is a peer reviewed journal. Still no guarantees for February but slowly starts to build some credibility in the lead-up to results. Not surprised the SP rose to 3.2c on this.
Holding OBJ at .007c
Does anyone have any idea what brought about the recent price spike in OBJ? I bought before the ex date for the latest entitlement and was expecting the price to stay pretty low for a while due to the capital raising, atleast until the details of the companies discussions with the 3M corporation have been brought to market (I think 3M's evaluation of the OBJ transdermal drug delivery system is set to finish by the begginning of Feb). I was surprised (and pleased) to see a 20% increase yesterday, however, I still feel 20% pales in comparison to the potential upside in OBJ if the 3M deal comes to fruition because, as highlighted by the speculator, the 3M corporation has annual global sales of $US25 billion, the transdermal drug delivery market is rated by OBJ at $US13.7 billion annually and OBJ still enjoys a tiny market cap of just $AUD33M @ $0.034 - all good signs if the deal goes through. I always get suspicious when trading hikes-up pending a company announcement (particularly when the increased trading sends prices south), as people within the company would clearly have a better idea of the companies performance than outside investors. Whilst the announcement is still expected to come 2 weeks from now, increased trading volume and share price leading up to the announcement without any other recent company announcements seem to me to be great indicators of how 3M's evaluation may be going.
Obviously this is just my opinion and should not be relied upon for investing decisions.
Comments by The Speculator - David Hasselhurst perhaps? he has added it to his portfolio in the Eureka Report
Something must be going on. Went up 24% today and the company confirmed by annoucement that there was no reason for the increase...
Something must be going on. Went up 24% today and the company confirmed by annoucement that there was no reason for the increase...
Hi Condog.
Decided to sell out of OBJ and lock in a 325% profit.
The story of OBJ has much merit but I am not totally convinced about the timing of the new issue and information in the prospectus.
a. Note that OBJ seem to be budgeting for next 2 years. Guess they feel that they have to do this but not total confindence in 3M deal as yet.
b. While entitlement date was 24/12, holders don't get the shares until Feb.2.
It is quite possible that results on the trials will be known and possibly released before one gets control of their allocation. While I accept that the allocation is only small, I like to have control of my shares when sensitive news is likely. If the news is not positive...
While I can fully understand investors holding through to February, I'm happy to collect a 325% profit and lock it in for the next play. Can't go broke on 325% profits
Good luck to all holders and hopefully February will be a 10 bagger + for you.
Considering obj,s em patches are 10x more effective than any other patch arround and 3m and others are looking at obj im not suprised the sp of obj is over 5 cents atm.I've looked into this company, and just don't see anything material to support the substantial price rise. Rumours are rife on HC that there has been a leak and that a deal with 3M is near. Whenever I see a certain select band of posters on HC, appearing on the same stock, my 'pump and dump' metre goes into the red, and let me tell you it is doing so at the moment. I am not saying that the price won't go further. It's just that I wouldn't be wanting to be left without a seat if the music stops.
Considering obj,s em patches are 10x more effective than any other patch arround and 3m and others are looking at obj im not suprised the sp of obj is over 5 cents atm.
A lot more upside I think as I would have sold by now if I was to think the sp was to fall but all I will be doing is buying more.
Long term it is only a matter of time before the money starts to come in and I will be holding for years to come.
Considering obj,s em patches are 10x more effective than any other patch arround and 3m and others are looking at obj im not suprised the sp of obj is over 5 cents atm.
A lot more upside I think as I would have sold by now if I was to think the sp was to fall but all I will be doing is buying more.
Long term it is only a matter of time before the money starts to come in and I will be holding for years to come.
Sure there is a lot of ramping going on the obj threads on hotcopper but many of these rampers have been holders for a long time and have done a lot of research into obj,s patches.
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