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Hello Peter,
Thank you for your kind words !


I had added to my original holding due to Glyn's 2012 outlook comments and due to internal deadlines pointing towards material developments.

These were not met.


Instead, we have steered into another direction, Coty and P&G, which do have entirely different timelines and hence the investment needs to be adjusted.

That is the reason why I hold about 70% of my investment into the new year.

Those companies should update in the early 2014/ first quarter to have any credibility in terms of negotiations outcome for which OBJ has hired a specialist.


Do not get me wrong, I cheer this development, similarly I cheered the addition of Hammond to the team.

Fact though remains that only our Bodyguard program has received concrete news, apart from the GSK pharmaceutical update which effects the price only long term, in my opinion.



This forum is definitely correct in saying that the latest developments have been positive, but they have not produced anything material, hence my reservations.




Should we receive positive news early next year, I will be positioned, as so many here from the old holders.
Should we be confronted with further waiting periods, I took some winnings of the table.


best and enjoy your holidays,
Surges