Ann: OBJ Regains Rights to Sub-Categories, page-34

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Vic1861

335 Posts.

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17/03/18

19:20

Post #: 31831063
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Originally posted by misterS ↑

I would very much like to know the implications for OBJ of the wave 1 wand being 'released'.

The context presumably means released from the otherwise exclusive rights P&G has to skin applications for devices containing OBJ micro arrays.

The statement that 'to remove doubt', skincare remains within the scope of the (exclusive) PDA is just P&G lawyer-driven caution to ensure that no change to that overarching agreement can be later attributed to the addendum about the wand.

Accordingly, what exactly is the reason for releasing the wave 1 wand? How is 'wand' defined? Can it be altered and still be considered to be the wand just 'released' from skincare exclusivity?

Can OBJ have somone else manufacture them, for use with a product not made by P&G? Would alteration to suit other products mean it was no longer a wave 1 wand, and so not within OBJ's right to distribute?

It seems logical that there must be a reason for releasing the wand. I can't think of any apart from OBJ being given a concession by P&G to distribute a non-P&G product using, or based on, the wave 1 wand.

In addition, I wonder if it suggests that P&G may be closer to releasing an integrated eye-cream product, and hence no need to keep having a wand product.

The smaller active surface area involved for eye-cream application seems to make it more suitable for such products - provided they intend to market eye-cream in a container narrower than traditional tubs.

Busting to know the reason and purpose behind OBJ seeking 'release' of this wand and P&G agreeing to do it!

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Unfortunately, when company announcements raise more questions than they do answers, you know the shareholder is not the companies number one priority.

OBJ Price at posting: 3.5¢ Sentiment: Hold Disclosure: Held
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