Ann: Master Licensing Agreement signed with P&G-OBJ.AX, page-215

I think most people here speed read announcements and only see what they have predetermined in their mind as important.

If you go back and read announcements from the last 12 months properly you may see things differently

For example

the licencing term sheets form part of the MLA of which to two are executed and two more are under negotiation

the 200 devices sent to P&G were as the announcement said

an initial delivery of the first 200,000 devices to Procter & Gamble of products covered by these Licensing Term Sheets and Work Plans.

The new Licensing Term Sheets, referred to by the P&G internal codes of Wave I and Wave II, covers two types of devices developed by OBJ for use across multiple P&G brands.

Note it said these term sheets. So that means both wave 1 and wave 2 devices have been sent to P&G

Announcements also state that wave 2 is committed to launch and the details of the launch are part of the licencing term sheet.

So we have a PDA with a MLA and term sheets with all details which form part of the MLA. I think we are a lot closer to product launches than people think.

I think OBJ is about to Rock & Roll