“OBJ commenced its collaborative development program with Coty with a formal Exclusive Collaboration Agreement being announced in February 2013”
As it stands at this point in time we have been working with Coty philosophy for approx 20 months. So how long before a product hits the market…..
So based on what Hilda Van de Neede has stated it may be in the region of 21 months, allowing for our “Disruptive technology” to be introduced we could be looking at as early as February 2015 onwards
I would also like to raise some interesting observations, from the AGM Presentation 2014, Page 12 Coty and philosophy– OBJ completed the development of Dermaportation delivery fields for specific Coty ingredients [note that this doesn’t say “Philosophy” ingredients]
And from the Coty Announcement December 3, 2014
and this reply that Pman received from his enquiries to Glyn -
IMO Glyn really didn’t answer the question that was put to him by Pman, but being conservative he really couldn’t say anything else especially when several days later we are in a trading halt
For what it’s worth I will be keeping a close eye on Feb to June, 2015
by the way, doe’s anyone know what “mnemonics” means……
“A mnemonic is a tool to help remember facts or a large amount of information. It can be a song, rhyme, acronym, image, or a phrase to help remember a list of facts in a certain order”
And here we are making “mnemonics” for Coty, sorry philosophy
“Our past and future growth can be summarized by the company credo of Faster. Further. Freer,” adds Beetz. “It describes the spirit of Coty Inc.’s growth as a company that acts faster, takes ideas further, and thinks more freely than the competition. We plan to continue on this path of proven success.” ~Bernd Beetz CEO Coty [2009]
Cheers
OBJ Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
(20min delay)