I have the regular size lady bag, a large bucket and a large tote. I have conditioned my tote and bucket but still have not treated the lady bag although I have used it for several weeks now. I have waterproofed the large bucket myself-it did not completely protect it and I don't wear it in downpours, and generally try to avoid the rain with all but my patent leather bags. I will take a picture of my lady bag and post them in a minute.
Is there a reason why you didn't condition your ladybag?