The question I'm asking myself is just how good is this magnetic technology and will the dream of widespread commercial use ever come into fruition. Hi Pickmeamonkey,
I was hoping someone would come up with an answer to this question but the thread got diverted.
I thought from what I understood about the concept of what this company was offering that commercialisation was a shoe in. That in fact given the chance it might become a real game changer.
I was also hoping there might of been someone out there who has a physics/chemistry bent who might of been able to tell us how strong really is the diamagnetic effect?
Yes I know there are scientific party tricks whereby they use the force to suspend a frog in the air with powerful magnets but how discernible is the force with a micro array?
Regardless it appears that up till this point besides P&G no one has been captivated enough with this tech to want to persue it further.
Some people were down on the previous management for not being able to seal any deals but if the product your trying to flog has limited or no utility you are not going to sell it to any one let alone a big company with many smart scientists at their behest. The toothbrush, hairbrush, bodyguard and patches have all been offered and turned down. How hard should it be to sell a tech that was supposed to be a game changer and make other delivery methods obsolete?
But its not all that bad, we still have P&G and cosmetics. I shudder to think what our share price would be without them.
We are also now fortunate enough to have two highly experienced individuals to our board who have great experience in cosmetics. Hopefully with their combined nous and experience they can monetise the tech through the cosmetic industry.
Still waiting to see how this saga unfolds.
OBJ Price at posting:
2.2¢ Sentiment: None Disclosure: Held
(20min delay)