BUD (ASX) Email update from Dave

Originally posted by DreadPirateRoberts ↑

I’m sure Dave is super busy and probably can’t say much, but I reached out to him anyway to ask if there was anything he could share on the current situation. His response:

Thanks very much for your email and your concern. While I have much to say on current matters, until the ASX Aware Letter process is complete I must respect that process and offer no comment. What I can tell you is that we are taking extraordinary care to ensure that our response to the ASX is detailed, complete and provides them with all the information they seek. In due course we’ll be able to comment beyond that, but for now I must leave it there.

I wish I could offer more at this point, but hope you understand.

Best, Dave.

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I’m sure after all this is settled we will have a webinar and can ask all the questions we want.

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I cant help but think if the company via the Quarterlies, could have just recorded soft metrics such
QTY of New Customers
QTY of Units delpoyed
QTY of Sensors deployed
QTY of Trial Units deployed

Then much of the conjecture around BUD would evaporate.

As a business CEO we reviewed BUD Ohm 6 months ago. It was a smart little device. Our Electricity Bill,across 2 sites is approximately $250,000.00 PA. We liked Bud but we could not justify approx 5 to 10% of our Electricity Bill on Monitoring, no matter how cool the system looked. However for Larger organisations or Organisation that like the Great Tiles for viewing then I was convinced it was a great APP. Just not for us at that entry price. ( We will review again 12 months to see if the model has changed). If it was cheaper for lower Elec users it will be easier to sign it off. I think the sales rep was green, so that should have improved by now. If he called again I am sure he could hook me.

I have stayed well invested in BUD all this time as the unit is terrific and has extraordinary potential. ( The old Remington Steel "I loved it so much I bought the Company")

I just wish BUD would report on the soft metrics. If they are moving in the right direction i would invest more. If they were not I would pull back. This is the element that concerns me.