Ann: Response to ASX Aware Letter, page-123

This ASX query is absolutely ridiculous.

Clearly, this is just an attempt by the ASX to save face after the GSW debacle, to the detriment of BUD shareholders. If the ASX truly wanted to protect BUD shareholders, why has the query come 6 months after the announcement that is being called into question was released (July 2017)? Why was the announcement not questioned immediately after it was released some 6 months ago????

Dave and the team have only ever conducted themselves with transparency and integrity, consistently under promising and over delivering.

Despite all of the antics on HC over the past few days, some positives have emerged from the additional information released in response to the ASX query.

Positives:
- With the Thor revenue (~$2m), it looks like BUD may very well be cash flow positive in the July Quarterly!
- As another poster astutely noted, it looks like there is a lot of upside with the Digicel deal in light of the minimum Ohm installation commitment and it may be we see north of 5,000 ohm installs within ~3 years, or over A$100m of revenue alone from that region
- We now know the Digicel deal IS something like a 60/40 or 50/50 revenue split (excellent!!). IMO this is absolutely huge, the Digicel deal is very, very lucrative!!!
- We should receive an update on the current figure of $70m of forecast revenue (over 3 years), with a significant revision upwards to include Australia, US and the global distribution deal. IMO this figure could easily be equal to or greater than the current MC of ~$200m

Negatives:
- The Digicel deal is contractually guaranteed, however the penalty is loss of exclusivity rather than a financial penalty.
- Lots of frivolous non-holders barraging the BUD forum with misinformed posts trying to 'save' us all from our investment in BUD, and predicting substantial price drops... (agenda?)

Future:
BUD chart looked set to reverse prior to the trading halt.

The quarterly was in line revenue expectations, and exceeded my expectations in terms of future outlook and revenue forecasts. I remain very bullish!

I believe the breakaway gap will remain that (a gap). Following the recent injection of close to $30m at 20/21c by institutions, and the short time frame to significant growth (3-6months), I do not see the SP dropping below the 20c support mark (~$200m MC). IMO BUD is cheap based on the potential upside over the next 6-12months and beyond! ($1.00/sh+ by 31 Jan 2019 Quarterly IMO).

GLTAH

p.s BUD is NOT GSW. Any attempts to associate the two companys beyond the fact they are both ASX listed is misleading and unreasonable.



All my posts are in my opinion. Always do your own research.