RE:PETERS & CO. LIMITED CONFERENCE Here is why the press release today doesn't move the stock in any significant way. Moreover this upcoming Peter's conference means nothing as well. It is simply because Loukas has had so many failed strategies and made so many projections and announcements that have been so grossly off the mark that he has no more credibility in the market with investors. So many of the clowns who live in an alternate reality based on projections and hope in their posts like Kavern and John J Bond eat this garbage up and still believe in Loukas.There are too many Canadian socialists who invest in this company and post on this site. They are the like the socialist clowns in the US who will vote for a senile person to be president and believe everything the left wing proagadist in the mass media tell them. In short they are sheep.
If you live in the real world and you are an investor who is not in denial that their investment in Obe has been a failure due to incompetent management then you will realize as I do that 5 years of no dividend and no shareholder value created is because of the CEO Loukas. Obe is still a penny stock pre reverse split 5 years into Loukas's tenure as a novice CEO. He is living high on the hog with the rich compensation program he created and givien the Obe investors nothing but innacurate projections and bad earnings reports while running up the company debt. Loukas is the problem. They hired a novice with world class assets. Numbers and projections don't run a company. People run a company and the CEO is the most important leader of any company. He is like the quarterback on a football team. Everybody knows you can't have a good football team without a good quarterback. Its the same with CEO's. When a company does well and creates shareholder value he gets the credit and when they don't he gets fired. FIRE LOUKAS AND SELL THIS COMPANY! E-mail Gordon Ritchie the chairman of Obsidian and tell him to do his job and get Loukas fired. Do this to save your investment before Loukas does to Obsidian what he did to his hedge fund :Front Four. He destroyed it. Wake up and let Obsidian know how pissed off you are at how Loukas has failed to create shareholder value while he rakes in his compensation and runs the company from his home in RYE NY. He is making a fool of all Obe investors. Don't bother to waste your time posting on this site and complain. Do something constructive to save your investment and e-mail Gordon Ritchie toady!