Yes, it's interesting that OBJ pay $369k in intangibles for this "acquisition", when it should have been part of OBJ all along.
Cash and equivalents of $336k were included in this report (with the acquisition dated 5 November), but none of this was included in the most recent 4C.
Revenue and royalties $348k for the half year. This is surprisingly low and shows no sign of any extra payments coming from P&G on renegotiation of the contract. Was any back-payment received, or was this just forgotten about with nothing else said?
I guess all of this pales into insignificance with the acquisition of NS, the (still to be completed) capital raising and the launch of Reduit. I am sure there will be a few announcements in the coming months, but the next real test with be the Full Year Accounts (even though it will only include a few months of trading with NS and Reduit) as it will show the debtors, stock and cash flow of the new business. Good luck to holders.
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- Ann: Appendix 4D 31 December 2019
Yes, it's interesting that OBJ pay $369k in intangibles for this...
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