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Hi All! Sorry I wasn't able to get back to you until now. Here is the breakdown of the fomrula:
Acrylates/C10-30 Alkyl Acrylate Crosspolymer 0.1 (not actually a carbomer)
Arnica Extract 0.1
Cetearyl Alcohol & Polysorbate 60 6.0
Polysorbate 80 4.0
Methyl Salicylate 10.0
Vanillyl Butyl Ether 0.4
Glyceryl Stearate 3.0
Isopentyl Diol 2.0
o-Cymen-5-ol (preservative) 0.1
Ethylhexylglycerin (preservative) 0.75
AMP (sorry - not actually TEA!) 0.09
The formula started out at a pH of about 7, and over 2 months has dropped to about 5.7. I don't understand.