I'm keeping an open mind with regards any type of Capital Raising or Accelerator related 'Equity' or 'Investment' this time around; as Revenues from P&G are proving to be not only elusive at that this point in time but also very difficult to forecast not only for us; but apparently also for the BOD.
I simply don't think any Accelerator type funding requirement is needed in the short-term should they decide to go that way. The next development that would possibly fit into this requirement imo is the Bodyguard, and as the company just stated, they have now finally completed final products ready for distribution to the 4 interested parties to do their own testing. This isn't going to happen overnight, I see this taking at least another 6 months, and only then will OBJ be in a position upon discussing possible partnership opportunities with still interested parties, a realistic approach to funding scenarios. Said company may decide (and let's be honest most likely) want to fund themselves and receive the lion's share of the profits. In the meantime they made a concerted effort to tell us that expenses are reducing, and in light of the cash on hand, and knowledge that some revenues will be flowing (even though yes the exact forecast is difficult to say), I just can't see the imminent need for a raising. Thus my comment that maybe something to revisit in 12 months time. The situation is very different to last time when clearly the company knew there was no forthcoming revenue whatsoever in the immediate to medium term.
Back to perspective, let's not forget the title of this thread was originally that 'A CR is coming' from a now known downramper (who has been trading this stock). I agree, never discount anything, but to me there is nothing to suggest right now that a CR is coming any time soon.
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