I have recently purchased a gallon of Frekote 700-NC, making the switch from wax and PVA. As this is my first use, I am a little bit nervous about it. I have put a lot of time and money into the tools I am using it on, so I don't want to lose them. Now my issue is that I have followed the application instructions to the letter, but I am not sure if the stuff is working. I applied the first 2 coats by wiping it on with a cloth, and then leaving it to dry for half an hour. It was only when I went to buff out the streaks and couldn't do it that I did a bit of a search and found that I should be wiping it off again as soon as I see it start to evaporate. So I did another 6 coats using this method.