hi SD, whose complaining about a CR?, it seems that the necessity of is becoming apparent and probably even a consolidation, both of which were dismissed by many earlier on.
Of course funds required, funds that were not forthcoming from other parties to progress the relevant IP, amount of funds to do this will be?, effectively double the amount because OBJ wish to proceed with the BG AND further beauty apps.
Certainly would have been a big help if the BOD had managed to have the sp at a lot higher level after being here for a while now.
In reference to ‘fanciful collaborations’; two things, these are not fanciful but facts, who would not have approached every single one of these parties?, on regards of ‘leakage’ of those actions ..... isn’t it a fact that RIs here are continually asking BOD for updates in reference to any news what’s so ever??
It takes money to make money!, yes, but so far only for themselves then and in the future, RIs left with a dismal sp, share dilution and a long wait, if ever.
Go it alone sounds great, is really a throw of the dice though, outcome unknown. This action a utter necessity, regardless of ‘merit’, because this IP was not picked up.
Shame that OBJ failed to get not one single IP app outside of beauty commercialised by a major party, not a single one.
Be interesting to see how much ‘relief’ P&G funds will bring to complement the future (?) CR, perhaps the only saving grace OBJ has had, till to this date, is its low cash burn ....., now it wishes to spend like it had the money of P&G in developing AND marketing its wands.
I would temper my expectations and reserve judgement rather than assume all a ‘done deal’!
OBJ Price at posting:
1.6¢ Sentiment: None Disclosure: Held
(20min delay)