Ann: OBJ Licenses Second Technology to Multinational Partner, page-136

Now, now, don't be snarky, he's been making optimistic guesses like anyone else.

There is a lot being achieved in terms of the company's central goal, which is moving more branches of obj tech towards commercialisation.

Their disciplined cash-burn remains a distinguishing feature of management among speccies where it often ain't so. Criticism of comms has some validity but ignores the good job they are doing in those two absolutely vital areas.

The greater apparent sophistication of this second deal also suggests they have been learning and improving.

Doubts about the amount of revenue squeezed from a doubtless flinty company like P&G in the agreements seem a bit premature to me when a discernible picture of it has yet to emerge.

My expectation is that OBJ management is planning to make a quid out of their business and in due course we will see that happen.

The 'due course' is proving longer than hopes and perhaps expectations had measured it, but good progress is occurring, and that combined with tight cash-burn gives me confidence that we will make it, despite it taking longer than we wish.

I don't agree the comms issue outweighs the good work done by management on the fundamentals.