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23/03/15
09:40
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Originally posted by born2reign
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My first investment into OBJ was on the morning of the P&G partnership announcement last year sometime. It was practically the first time I had heard of OBJ in my life, but I knew it was a huge announcement and the share price was going to rocket. I chucked $1000 into it without even thinking about it, planning to make a quick couple hundred dollars over the next couple of weeks after the announcement.
I've since ended up holding the original amount and added another $3500 more in smaller parcels and never sold since.
I'll never forget the share price of the morning of THAT P&G partnership announcement in April last year, was 8.1c, which interestingly/confusingly is exactly what it is now 11 months later!!
WTF IS GOING ON HERE?
We've since had the first P&G product launch, commenced development/testing of the second P&G product, P&G have signed an agreement to take a much closer look at our own in-house product BodyGuard and conduct feasibility testing, commenced development/testing of the first Coty product. We've had a patent approved for a "cleaning and conditioning for fabrics" indicating that we'll have at least one cleaning product developed and tested AND P&G have extended the original PDA scope. This is basically screaming at us that our technology REALLY does work and a monster sized corporation wants to lock us in ASAP covering as many of their products as possible quickly.
If this was a "so and so" technology that was "pretty good", then a company such as P&G would simply honor the original PDA agreement first and "see how it goes" instead of hastily agreeing to amend it to cover another 2 work plans and hastily jumping into a "evaluation and option agreement" for one of OUR products (not even their own product!) BodyGuard
Once other companys catch wind of the successful P&G launches and sales with OBJ technology, you can bet your bottom dollar Glyn will be on the receiving end of a numerous amount of enquiries. Nothing beats proven, substantiated evidence and if we end up getting to a successfully launched P&G product #3 or #4 by the end of 2016, the evidence will be staring the world in the face, we wouldn't even need to advertise!
I just can't figure out how the share price is the same now as it was on the morning of the official P&G partnership announcement 11 months ago, when we have so much more information at our disposal now!
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OBJ is the biggest "gonna be" on the ASX. The secretive nature of these types of stocks keeps the big money away. Only once they have multiple successful products on the shelves will this rise to prices you are all expecting.....And the million dollar question is how long will that be?..... years would be my guess?