BUD buddy technologies ltd

Ann: Appointment of Receivers and Managers, page-57

  1. 1,941 Posts.
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    dude . . you are dreaming if you think there will be anything in this for shareholders.

    bud now has the heafty costs of receivers to add to their woes .,., woes that had then struggling to be cash flow neutral as it was. meanwhile how will they ever produce a prodoct or sign another agreement with the term 'receivers appointed' hanging over the front door.

    from here . . any assets with value will be sold at a discount to book value . . they will try and pay back some of the inflated secured capital that bud has borrowed this last few years. it is now evident why these lenders charged so much up front as even they will now struggle to get 50c in the dollar back. all shareholders will be left with is 100% capital losses to carry forward at tax time.
    Last edited by Harmattom: 13/04/22
 
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