It is becoming a trading stock - buy on ultra fears and sell within the day- then continues its slide until mcap better reflects where it should be at. Why bargain when the stock is still trading at 37x sales and with a $10m loss showing in next annual report.
Just check other energy saving stocks on ASX and you would find them trading at just $20-30m (a third of BUD's valuation) and having multiple times BUD's revenues.
If not for a savvy sweet talking CEO you have, BUD's sp would have gone a lot lower. And I did cautioned you guys a long time ago.
It is much harder to sell at these prices but I see BUD emulating EDE downward slippery slide going forwards, to possibly a mcap of $40-50m (equates to circa 4-5c), Take care!
BUD Price at posting:
10.0¢ Sentiment: Sell Disclosure: Not Held
