I agree with you,
I stated something along those lines yesterday but people were still wading through the nebulous wording of the last ann, me included (good post there Aussiemieka).
I dont believe for a moment that we now see 6 months of inactivity, rather the opposite.
The extreme tightness and secrecy surrounding this announcement is either extremely bad news, as being a setup and all fluff, or being something majorly in the making.
I tend to support the latter option since neither of the "orbiting" companies have left the ship yet.
The very fact that 3M has " close" ties with OBJ (several times mentioned in the ann)is for me the important point. Many people were upset about a 6 months extension, I see this as extremely positive as this is about the time frame I would estimate to prepare for either exclusive partnering deal or take over (the only 2 options I see viable with 3m being interested).
In my personal opinion, 3M is collecting contracts and interest in this technology first and takes over then. I was always unsure what the schedule of take over would be, but the latest ann gives me some indication of a step into that direction.
3M would not be satisfied to be the "manufacturer" of patches OBJ will sell to partners, I believe that people who suggest this dont understand the aggressive nature of 3M's business strategies.
Once 3m has fully secured the technology, it will still be a long way to market the product, but it will then be under 3M's umbrella and leadership.
3M does not waste this much time around a company to manufacture some patches and let OBJ reap in the rewards, that is a definate miscalculation in my eyes.
Good luck to all holders,
coming GSK and FMCG announcements should be interesting.
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