Once again everyone is worried about new tech and selling lights.
The problem with Buddy isn't selling lights, it's about cash burn, supply issues, debt, waiting for cash and ultimately making 40 to 60 million but burning 40 to 60m to make that money.
The way Buddy operates is the problem, Buddy will always grow but at what cost is the real question.
I don't really read too much into DM and his more sales Ann's as the underlying problem isn't fixed.
Several Ann's of more sales already but every 4c is still littered with issues.
I will stand by my comment of growing the business doesn't help Buddy. If Buddy keeps waiting 6 months to receive cash i can't see the 4c improving much. It will always be one qtr type business.
Buddy has broken fundamentals.
DM needs to fix the fundamentals of the business.
Already people are telling me the next 4c will be average.
Wow.
BUD Price at posting:
6.3¢ Sentiment: Hold Disclosure: Held
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