BUD Chart, page-358

There's always going to be profit takers. BUD has risen steadily since 6c and many here are sitting on substantial profits.

It's human nature to cash in. We tend to sell out on our winners and hang onto our losers rather than add to and hold our winners and sell our losers.

At just $205m MC I am extremely happy topping up at these levels. A further re-rate is due and I expect after some churn for this to move up to the next stage (30-40c).

We know
(1) from Jan 2018 Parse will be generating A$15-20m p.a
(2) there is currently minimum ~A$8m p.a from Ohm (and this is going to increase substantially - the first 1,000 hardware units are gone, suggesting this figure is actually closer to $15-20m p.a from the Ohm)
(3) we can expect newflow regarding another distribution partner at essentially any time now
(4) the team is currently ordering more hardware units and there is massive demand for the Ohm
(5) Dave is happy, therefore I am happy

I can't wait to see where we are in another 12 months.

p.s the October Quarterly is going.to.be.HUGE!