BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Trading Halt, page-93

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  1. 124 Posts.
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    I see it that Dave's intial plan may have been to execute the deals already signed (Digicel & sasktel) along with the smaller distributors for a couple of quarters to build cash reserves before fully chasing the bigger deals. However, as per previous guidance, it would appear that the demand for the product far surpassed the expectations of Dave and the board. As such a CR makes perfect sense now to fast track the bigger details.

    I don't think Dave is one to pump the SP with an Ann then complete the CR. Also sophisticated investors see this and may be deterred by a pump announcement.

    I think this is well timed and provides an insight into the potential that Buddy has.
 
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