Ann: Director Retirement, page-78

Ok, the adjusted timeline game. If we adjust the timeline from when P&G came on board until the last AGM we get:

2014 - 1,473,455,360
2017 - 1,805,000,000 (rounded out as per Nov 17 agm ann)

= 331,544,640 shares issued since one of the largest companies in the world came on board. Given the riches that were meant to ensue, I'm of the opinion that's quite a lot of dilution under the circumstances of having a major onboard.

We can spin any timeline we like, it's unlikely Glynn will putting it on his claim to fame list. Given the noted shift in focus for OBJ to develop products themselves, the SOI could still possibly increase substantially in the future... unless of course, the revenue figures that have been thrown around here for years actually come to fruition.

R&D claims over over the last few years are the biggest contributor to not having even more SOI than there is now. Hardly bragging material imo.