Ann: Change of Director's Interest Notice x 4, page-28

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notlistening14

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08/10/17

11:50

Post #: 27742143
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Originally posted by DreadPirateRoberts ↑

This is a false theory. The milestones were set long before the ASX listing. The deals came about after the listing.

Before BUD listed there was no Ohm, there was no parse, and there were only a few buddy platform contracts. Dave decided he didn't want the board to have a salary, he wanted them to be rewarded with stock. To me that sounds like a great idea for a startup. Don't raise money and then throw it at board members. Save the cash for building the company and instead hand out stock down the road. Since the listing they added more products. So maybe they hit the milestones sooner than they projected. I don't care, that's a good thing for the company and stockholders. And now that the board members have that stock vested, and since they are not drawing salary, they are still motivated to get the stock price price up.

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In relation to the size of the milestones, the reason Dave holds such a large stake is because it was his company before BUD went public!

The bloke gave up essentially 80% ownership to have the funds to make his dreams come true.

I've always calculated MC based on the fully diluted 1bn shares.

My perspective going forward is that there shouldn't be nor need to be any further dilution.

Last edited by notlistening14: 08/10/17

BUD Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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