Spent quite a fair bit on patents Patents are increasing in number but also increasing in costs Quite expensive for company
Yes they said the above first and THEN said but despite this our costs have reduced. As far as I remember them saying anyway, it sounded pretty clear at the time. This ties in with the June quarterly where expenditure was $750K but they forecast $700K for the September quarter.
Fair enough on your Accelerator comment regarding other avenues. My feeling from Glen Denison's comments at the start of the conference call was that they will be looking at developing cosmetic products themselves in the future but that's not imminent, more likely when funding capacity better allows it (eg making the most of excess funds in the future). The Annual report (released just a month ago) only stated this:
5. Accelerators During the period, OBJ met with two Accelerators that have been introduced by P&G. Each of these offer alternative investments in commercialising OBJ’s technologies and discussions continue in developing possible strategies where OBJ may be better positioned to participate in the distribution of products commercialised with OBJ technologies.
Also having Accelerator involvement doesn't necessarily mean OBJ needs to stump up cash, these accelerators also help raise funds via partnerships. It will be interesting to see what eventuates.
OBJ Price at posting:
3.5¢ Sentiment: None Disclosure: Held
(20min delay)