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clock Created with Sketch. 02/08/18
14:10
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Originally posted by InBudweTrust
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This will be my last post on HC.Buddy estimates that follow-on interest and/or purchase orders were received from customers representing nearly the full first manufacturing product run (of 1000 units) .” - We later found out these were orders for inventory not paying customers .nd trap. We later found out that the get out clause was simply the loss of exclusivity. Bid deal .Ingram Micro Canada will offer Buddy Ohm through a series of fixed price bundles, which Buddy management expects to yield up to 4x revenue per facility than any previous deal. Further, if this distribution relationship and region performs comparatively to the Caribbean and Central American market, it is expected to yield more than A$20m in revenue over three years to the Company . What a load of * The first order of additional 3000 units of OHM hardware, with some needed to be “air shipped ” This made me believe the original 1k order was fulfilled. Not the case. Dave repeatedly told us that Buddy OHM revenue would not be recognised as a material contribution to total revenues until Q42018……. Now he has subtly changed the wording and included “percentage of total company revenue” No one cares about %’s when you have a cash burn of $4milpq and rev of sub 800k . Dave has now removed the previous $69mil 3yr rev guidance out of the quarterly. 1ronnie You were right. I just wished you changed your approach.
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Really sorry to hear about your loss, we all play to win and sometimes it goes pear shaped, whilst not at the level you have lost, I have still taken a bath on this one, but giving them the quarter to box their way out.
