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clock Created with Sketch. 31/07/18
11:52
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Originally posted by Wicksy*
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Reposting a post i posted the day after the Q32018 quarterly was released: I still stand by the majority of the below even though the original orders weren't to fulfill customer demand, more so to fulfill distributor demand. In saying that, why Dave needed to airship orders so they arrived mid Jan confuses things even more. Toning down the $500k+$938k Q4 rev projection to $1.1mil. Fingers crossed. th Feb. That could actually be $51k rounded up to nearest $100k.Looking ahead at the Q42018 9th Nov 2017 BUD announced an order of 3000 Additional units across the Buddy OHM family to satisfy near term demand . “The units ordered this week are anticipated to meet the more immediate needs of reseller and distribution dealsalready in place.” “ While the original order for Buddy OHM product was symmetric – 1000 units each of Buddy Ohm, Ohm link, Ohm Sense and Ohm Pulse were ordered – this new order will be asymmetric” The Buddy sales team can report however, that momentum continues to build and all indications are that traction is building as needed to meet recent guidance ”. We all know how importance guidance is whether +/- following the recent aware letters. So at this stage they are well on track for `$70mil revenue over the next 3 years. At 11c, the $25mil cash in the bank is worth 2cents to the stock price. BUD is on track to be profitable @ FY19. Math looks good even if the share price doesn’t. Good luck to all investors.
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just in case the report is not what the mkt is expecting just thought i would let you know that you can not short BUD on IG mkts there is not enough stock to borrow, not sure about FP Mkts someone may have a look?
