Higher base price before 2nd tech ann, page-104

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11/12/17

17:22

Post #: 29544113
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Originally posted by underdone ↑

Yes, we do need P&G aboard. Without them we would be going nowhere and it is that relationship which has kept us going. It is only when we get more FMCGs aboard or have successful products of our own, that we will start to have any real control of our own destiny.

In this respect I am somewhat surprised that, three years after our tie-up with P&G was announced, no other FMCG has followed them.

But I do agree that "We have leverage" and that it is greater than what we had two years ago when the initial deals were done. So I don't blame the BoD for whatever deals they did then.

The difference now is that now P&G has somewhat gone out on a limb. By adopting OBJ technology and applying it to an increasing range of products P&G is really saying to its customers "We make great creams, but if you want to get the best out of them you need to have a magnetic gadget too." That is a hard position for them to back away from.

With every extra product P&G rolls out using our technology they are getting in deeper with us and giving us more leverage.

But what we need is to be able to use it. Just recently we have added a new director to the Board who appears to have the skills to use this increasing leverage. A new Chairman who was a good salesman could also make a difference.

Given that the second technology is soon to be released and that Bodyguard may be on the market next year, I'm happy to remain invested, but I'd certainly be reassured if we added another customer to the only one we now have.

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We could do with an update on the activities our man in the UK as well.

OBJ Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
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Higher base price before 2nd tech ann, page-104

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Higher base price before 2nd tech ann, page-104

Top Stories

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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