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0.6¢ buddy technologies ltd

Ann: Non Cash Impairment, page-46

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Kmtw

1,430 Posts.

1061

02/03/22

18:41

Post #: 59935271
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Originally posted by Holdtight: ↑

If these auditors had of accepted the PFG waiver, the net current asset position would have shown a $27m turn around in the last 12 months. Sure 1/2 of it was forgiveness from Eastfield, but that is because they recognized the poor form they showed pumping revenue prior to LIFX sale.
The breach was due to lower revenues, but that was necessary to achieve EBITDA positive. No point in higher revenues at a -EBITDA

LIFX will 100% survive, the new SKU's will accelerate the company to NPAT... The plan to achieve +EBITDA is being achieved with 40+ margins.
They will now sell through the inventory buildup and recieve the cash that was due from the Dec sales. No CR is planned. The company has stated that.

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you are an absolute ignorant fool. Good luck getting your loan back.

You know what they say about fools and money.

Now, I wonder if PFG will have a change of heart now they’ve seen the write down.

But you just keep on about that awesome gross margin, and ignore revenues shrinking at double digit rates along with product quality and support.

BUD Price at posting: 0.8¢ Sentiment: Sell Disclosure: Not Held
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