speculation, page-42

Thanks Surges.

So P&G is FMCG 3 (Global) in the 2011 presentation (introduction in 2010, JV discussions 2011). And it's the one at the top of the list in the March 2012 Shareholder Update.

The announcements have been unclear:

1. The Beauty announcement in October 2011 says "consumer health" and "beauty", then finishes with "beauty care" only.

2. The JDA says, "products", without specifying either health or beauty. So now they are either hiding the product category or keeping their options open.

Anyway, the 2011 presentation shows "Cosmetic & Skincare" (beauty), and "Consumer Healthcare" as being the closest to OBJ having a prototype. If both are P&G, then P&G might be the first to give us a product on the shelves, although any other company could give us money first.