BUD 0.00% 0.6¢ buddy technologies ltd

Ann: December Quarterly 4C Review (Q2FY21), page-69

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  1. 7,212 Posts.
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    I look in the mirror and know exactly why being honest is better with stocks. I might save some people some money everyone knows Buddy isn't going to 20c soon. In fact nobody really knows why Buddy burns so much cash after cost cutting for two years. I will say it again and yes Holdtight agrees with me. BUDDY DOES NOT NEED MORE SALES BUDDY NEEDS TO MAKE THOSE AT A PROFIT AFTER ALL COST ADD UP. NO POINT IN GROWING A BUSINESS THAT CAN'T MAKE A PROFIT. MORE SALES WITH PROBLEMS WILL MAKE THE PROBLEM WORSE. If Buddy needs to make 100m sales plus a year to make 100k profit that is no good as well. BUDDY has also on top of cutting cost increased profit margins and still can't make money. Now after cost cutting, increasing margins Buddy says new manufacturing agreements will fix the problem. Do you see a problem or am i just being negative and stupid lolz facts are facts.

    At the end of the day nobody likes losing money as i said this is the way i look at it with no emotion.

    Also I know you guys don't think DM is still up to tricks which he is. I will stand by it that letter was absolutely to hide from the 4c, another fact. Retired which I might add was a fan back in the day of DM has pointed out two other Announcements which DM has talked BS in.

    Holdtight has been constantly wrong on several occasion mostly because of investing with emotion. Most people know this to be true. I think old mate Holdtight has only pulled me up on things that don't matter. Like when I said LIFX had been in business 10 to 12yrs which he proved it was 8 to 10yrs or some rubbish. The point I was proving was that LIFX isn't a startup which he proved anyway by himself lolz. So he proved me correct I just had the years wrong lolz. By the way LIFX has almost been in business 10yrs not a startup.

    Now I know these issues can be fixed. I have known people to increase profit year on year by doing what DM says he is doing and change in a short period of time. Something is up with this business that is all i will say. Will manufacturing fix it not sure as we all have no idea why the burn is high after trying so hard to fix it.

    Anyway enjoy by the way i love talking and learning about stocks. Buddy is a learning opportunity so I will not run away but post less like i have been. Been active this week as the DM games are high but my OPINION has been given.

    All IMO.



 
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