What incredible announcements lately! Buddy and the team have been on fire with these insane sales orders. The company has been hugely de-risked imo, and I foresee great things as Buddy continues to kick goals and build momentum.
The share price feels depressed though, artificially so! It just doesn't make sense that the price has gone down... or does it?
Are the big boys keeping the price down so they can get in cheaper for the potentially upcoming CR?
Buddy has good trade facilities, but they did just cancel an equity facility. This is good, it was done at far too cheap of a share price.
I'd be pleased if the company took this opportunity to raise capital at the current price! The future growth looks incredibly bright (get it, cause of the LIFX lights), and they need funds to actually manufacture all the lights?
Thus we may see a CR soon, and the instos are keeping the price suppressed to get cheap shares, which is the only reason I can explain the share price still being in the 7c range!
dyor imo gluck
Add to My Watchlist
What is My Watchlist?