That we are at this stage - still hammering out revenue/margins & after having apparently utilised the skills of Mr Mellor to establish the master licence is a very poor outcome. Horses are long gone.
This also means this area of our technology is locked in with P&G at,what appears to be less than favourable margins. We are now prevented from offering the technology to others at more equitable margins.
This situation would be far more palatable if management were able to leverage off the P&G partnership to secure other majors. I feel that focus & momentum was lost with back slapping over the P&G deal, & consequently the opportunity to rapidly secure & maximise our margins with other majors has been severely diminished.
GD's replacement? Where the hell is he/she?
OBJ Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
(20min delay)