If your analogy is correct, perhaps OBJ Management should clearly define the same in their Shareholder Update so the Market is updating in a clear and concise manner. OBJ Management have a Duty of Disclosure don't they?
It's an interesting exercise to go back to the Shareholder Update from 12 months ago and compare to the one released today. Last year OBJ Management advised that P&G were testing a number of new P&G product applications across the Homecare, Healthcare & Personal Hygiene categories and it may result in new funded work plans in the near future:
![]()
https://www.asx.com.au/asxpdf/20170130/pdf/43fl8bkt0b7tz0.pdf
A year later we get this:
![]()
https://www.asx.com.au/asxpdf/20180131/pdf/43r6xvyvxjnypz.pdf
Twelve months ago we were told this regarding Coty:
![]()
https://www.asx.com.au/asxpdf/20170130/pdf/43fl8bkt0b7tz0.pdf
Twelve months later.........more continued silence.
The only real positive I can draw from this update that hasn't stagnated or traveled backwards, is the DCE update and a 'potential' new Multi-National Partner who is yet to even begin 'Consumer evaluation work':
![]()
https://www.asx.com.au/asxpdf/20180131/pdf/43r6xvyvxjnypz.pdf
Overall, me no likey that much. Too much overlooked and unsaid that makes me nervous; and what was highlighted, was unfortunately not delivered in a manner that is clear & concise enough for the Market in general.
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