Dear Dave,
Yes, us retail investors are so annoyed at missing that sweet deal at 2.5c.
I’m also sure BUD doesn’t need the funds from the EO now that you have reassured me. It’s not like there’s been a paid marketing campaign or an extension to the offer or anything. No, I’m sure the balance sheet is fine.
Debt will be $5m. We will ignore the other $10m facility shall we? We will ignore the exorbitant fees paid to secure the debt. We will ignore that all of BUD’s assets have been used to secure such a small amount of debt. We will ignore that the company defaulted on its debt covenants and this still remains undisclosed to the market.
We will ignore DM’s repeated assertions (stated during the known chip shortage) that all barriers to production have been removed and production should have increased 5x by now.
By the way, since you are privy to so much inside information, can you tell us where those critical components are?
Love, Alan
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