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Ann: Change of Director's Interest Notice x 4, page-29

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MickySea

852 Posts.

150

08/10/17

13:03

Post #: 27742854
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Originally posted by DreadPirateRoberts ↑

This is a false theory. The milestones were set long before the ASX listing. The deals came about after the listing.

Before BUD listed there was no Ohm, there was no parse, and there were only a few buddy platform contracts. Dave decided he didn't want the board to have a salary, he wanted them to be rewarded with stock. To me that sounds like a great idea for a startup. Don't raise money and then throw it at board members. Save the cash for building the company and instead hand out stock down the road. Since the listing they added more products. So maybe they hit the milestones sooner than they projected. I don't care, that's a good thing for the company and stockholders. And now that the board members have that stock vested, and since they are not drawing salary, they are still motivated to get the stock price price up.

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So if there only one final round of dilution left now? At least for what's out in the public domain and not foreseeing a need for a future CR or the like.

BUD Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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