WFL (ASX) Doubt and Uncertainty

Originally posted by susieq ↑

Well hopeful I guess that's your view of it but I feel you are really giving a misinterpretation of quite a few things as it always depends on what you want to prove in any argument. For example you state it will be years off getting a body guard product off the ground and you quote from the update but its classic how you manage to omit certain lines from the update for example

The Company has also commenced the development program into surface and skin care
devices with the employment of a Project Manager to focus the necessary resources into
developing the next generation of OBJ’s own products. This follows the successful
development program of the BodyGuard product range.(coloured section is what you omitted)

If you actually had an interest in OBJs development of this product and did some further research eg AGM presentation and the PDA we have signed with P&G regarding this product/program they actually imply a
more realistic timetable for this than what you have suggested.

Another misinterpretation you have stated is that OBJ will be requiring more funds to get all these next generation products happening which shows a complete lack of ignorance to how the PDAs OBJ have signed are structured. Combine this with the well known philosophy that OBJ wont market etc their own products unless a Big company is interested plus along with the revenue we now have started to receive (which will grow as it rolls out) plus with 4 million sitting in the bank Id say theres a great chance we shouldn't need a credit raising for a few years if ever due to revenue IMO. With all this information freely available if you want to have a look. I could keep going on with regards to the next P&G product etc etc but cant be bothered as you are clearly not interested in being a shareholder of OBJ which is fine however at the end of the day your post was your view only and not based on any researching of the known facts each to their own, I stand to be corrected on anything I post but I base my arguments on what the company has actually stated GLTA

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Suzie,

I omitted the section, "This follows the successful development program of the BodyGuard product range" for the simple reason that this self-congratulatory statement has little basis in fact! I have yet to see that the development program of BodyGuard is successful. Surely a successful program is evidenced by profitable sales of a developed product? Please excuse my deficit of extensive research but I would appreciate it if you could direct me to where you have seen a "more realistic timetable", for I have not sighted a timetable, implied or otherwise.

I believe that I have NOT misinterpreted the need for additional funds. As you clearly quote, "the employment of a Project Manager to focus the necessary resources into developing the next generation of OBJ’s own products" suggests that "resources" will be required to be managed in order to produce OBJ's "own products". I am fully aware of OBJ's PDA strategy but are you suggesting that there will be NO cost in developing their"own products"? Why employ a new manager to manage resources if that is the case? As I said, $2 million paid in wages/consultants per annum will gouge a large hole in the bank balance and I don't think that the income will be anywhere near what posters here predict. However, I concede that it is a moot point since we are still in the dark about income from P&G (or even the percentage of royalties).

Anyway, 2015 will, hopefully, reveal many things, instead of implying them. The dot joining can go on, and I'm sure it will, but, unless OBJ make statements that provide more clarity, people are entitled to interpret the updates in many different ways. You do yourself no credit by suggesting that: "at the end of the day your post was your view only and not based on any researching of the known facts". The "known facts" are, at best, ambiguous and require more definitive statements. After all, until very recently, according to some posters here it was a "known fact" that there would shortly be an announcement from GSK stating that they will be producing a manual toothbrush using OBJ technology. How many more of your "known facts" are still open to debate?