BUD 0.00% 0.6¢ buddy technologies ltd

Ann: BUD Non-Executive Director Appointed/Executive Changes, page-26

  1. 1,430 Posts.
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    Good work. It's great seeing someone go to the effort of doing research beyond what comes out of DM's mouth. This is the info that will help you make an informed investment decision, rather than a misinformed one.

    We will see how accurate your projections are when the financial results are released. This could be about the mark, but I doubt it will be anywhere near enough to turn the company around. Is it 60-70% of sales come through Amazon for BUD? Based on the last 4C BUD needs about $10m per qtr to cover costs. Convert this to US$7.5m. So we get Amazon sales of US$1.14m x 3 @ 60% = US$5.7m revenue. This would match how the business has been tracking.
 
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