Agm, page-23

Thanks Pman, exactly what I was after and well explained. I really hope for everyone on here that the inital sales are a great number and it boosts the confidence here alittle.

I have also sent Glyn another email this morning asking for an update on COTY as there was nothing reported in the Annual, however all through last year they discussed their partnership with COTY.

Recapping the relationship below:

Partnering Coty Inc. –world’s largest fragrance company (>$US12bn)

Executed a product development & licensing term sheet in late 2014. 
OBJ’s original technology –patents granted for Europe & USA. 
Royalties to be payable on the device, associated formulation & product sales. 
Development fully funded by Coty Inc. 
Extensive consumer concept testing nearing completion. 
Commitment made to license OBJ’s technology once claims support  testing is completed


Surely there must have been some outcome, good or bad!