Obtala Resources Ltd Share Price (OBT)

any news re OBT anyone?

Today - looks like good news as will be invested in new machinery which will continue the slow rise in profits.

Notice of General Meeting


Obtala, the African focused forestry and timber trading company, announces that it will today be posting a circular to shareholders comprising a notice of General Meeting (the "Notice") to be held at 118 Piccadilly, London W1J 7NW on Wednesday 20 March 2019 at 10:00 am.

The purpose of the General Meeting is to seek shareholder approval to change the name of the Company to Woodbois Limited as proposed in the announcement of 30 October 2018. With the Company's strategy now focused on building a best in class African forestry and timber trading platform, this will bring the group under the banner of the stronger and more recognised Woodbois brand.

The General Meeting will also seek shareholder approval to an increase in the Directors' authority to allot equity securities following on from the issue of new ordinary shares and grant of warrants to Volantis and deferred consideration shares for the Montara Continental Consolidation as per the announcement of 10 January 2019 and the resulting dilution of the conversion ratio of the Argento Preference shares announced on 1 December 2016. 75,000 Preference shares were issued by Argento Ltd, Obtala's wholly owned forestry subsidiary with the option, at the Preference shareholder's choice, of converting into either Argento Limited ordinary shares on a 1-for-1 basis or into Obtala Limited ordinary shares on a 1-for-1,435 basis. The conversion ratio is currently on a 1-for-2,275 basis.

The full text of the Notice will be available on the Company's website at www.obtala.com later today.

For someone who claims such brilliance, your BIOM buy wasn`t exactly perfect timing was it. I`m surprised you bought a stock that has not long ago broke a rising trend thats been in place since Apr `17!!

You were hoping for support around 445p and price is now 388p!

You didn`t wait for the old adage..`the trend is your friend until the bend in the end`!! Upside down!!

So you tried to catch a falling knife!

Oops!

Even though I check out these discussions on LSE I don`t make my decisions on someone`s views which are clearly affected by previous `connections` with the likes of TW.

You may have been sucked in and burnt by TW in the past, but I prefer to make my own decisions on the company announcements, not make those decisions because of previously damaged followers who finally realised they were being duped.
I doubled my money previously on this stock and sold half, so any free carry I had was easy to play with.

I`ve moved on and traded plenty since I sold OBT.
Suggest you do the same and stop trying to claim some higher ground of brilliance just because you called one sell decision right.
Its time to stop celebrating your genius..patting yourself on the back and all that.

I certainly won`t be following you for tips in the future.

Unless you`d care to share some nailed on no brainers of course?