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clock Created with Sketch. 09/05/17
18:40
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Originally posted by Westhx
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The more you look at where OBJ is regarding its product development and launch cycle the more you release why specific revenue guidance has never been provided. Whilst the $33k was clearly below expectation, the actual expectation was never defined. Would $100K have been considered acceptable?"I understand the number is still lower than you and others expected." His other standard response is as follows: "Firstly let me reiterate that we receive royalty fees up to 45 days from the end of each quarter, therefore royalties shown in this 4C were for products sold up to December 2016, at the commencement of the roll out of Wave I in China. --- PS the information I have is that Wave II will be launched in Japan.
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"That is why neither P&G nor OBJ has ever given specific timing for product launches etc. " We have obviously been given timing guidance for Wave II - the 3rd Quarter P&G do control what OBJ can release to the market. The core reason is that in helps maintain competitive advantage. Therefore, in theory, OBJ will benefit from this approach as P&G will have a competitive edge and sell more product.
Last edited by
Westhx :
09/05/17
(20min delay)