Australia's largest stock trading and investment forum Australia's #1 stock forum

BUD

Click for more information

0.00%

0.6¢ buddy technologies ltd

Ann: Commencement of Pre-Sales of Ohm product - customer roadshow, page-14

First 14 Last

Share
Profile

Follow
pygmyhipppo

1,023 Posts.

32

08/05/17

17:53

Post #: 24550308
Share

Originally posted by goldbear77 ↑

if theyd made actual sales receipts theyd say so - which is your answer.

extremely unlikely they will be given cash for something they dont even have yet. its a b2b consumer unit from a new/unknown brand in a new/pretty unknown space.

theyll just be taking orders at this point and expressions of interest/requests for further demos etc. outside chance they have deposits - but i doubt it given they are trying to lower barriers to adoption

i wouldnt pay until i had my unit installed and proven to be working - neither would a building manager.

most b2b sales of hardware work off 7/30/60/90 day invoice post delivery/installation.

once its a proven device you might get pre-sales to lockdown volume from buyers like happens with some consumer items. but not when its an untested quantity in a nascent market.

imagine if the company failed to manufacture and just proved to be a hoax.

building manager would get shot for paying cash without even sighting the thing they were 'buying'.

Expand

That seems harsh - and it's technically illegal. Fact is that the shooting of building managers for falling victim to hoax monitoring device scams has been outlawed in all Australian states and territories in 1987.

BUD Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

AS1

Asara Resources sells off Burkina Faso assets to pivot into Guinea – for US$13M less than last time it tried

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Bitcoin investors need to know the risks

There are more pages in this discussion • 18 more messages in this thread...

First 14 Last

Add BUD (ASX) to my watchlist