BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Appendix 3B, page-17

  1. 22,194 Posts.
    lightbulb Created with Sketch. 2043
    You guys may want to see what FGO (Flamingo AI) CEO did when things are not working out too well - she demoted herself (or maybe the board did) to Chief Revenue Officer and slashed her own pay by 15% to $300k pa. In BUD, you would possibly have two CEO level remuneration (DM & LIFX CEO), and someone likely to get their performance shares , if they can push revenues to $100m, but still well in deep red zone for profits . How could it possibly break even anytime soon- its more like BUD loss+LIFX loss= more losses but higher revenues. And as I commented not long ago, BUD needs $12m profit to sustain its MC (then at 9.5c).
    With revenues not coming from tech, its all retail revenues, even $100m means nothing if cashflow deep in red zone, flashing possible need for more CR along the way,...that's how this will likely pan out.
 
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