WFL 1.64% 6.0¢ wellfully limited

Imminence Truly Inevitable

  1. 1,868 Posts.
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    This week shareholders should truly expect to see a material announcement in relation to one or more licensing deals with P&G. By my calculations 27 July is the date at which 90 days expires (the time the parties promised each other to formalize legally binding licences agreements). Others have suggested that this calculation might be too early, and the 90 days could actually expire in early August. I don't agree, but in any event, in all likelihood professional companies shouldn't be doing a last minute rush job at this stage. In my view the agreement should now be finalized and it is about to be executed, following which there will be a trading halt for OBJ. In the event that there isn't, one or both of the parties will have broken the 90 day undertaking at which point shareholders would be justified in pulling no punches with management m. I don't think that will happen, hence my optimism for this week.

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