BUD 0.00% 0.6¢ buddy technologies ltd

It doesn't really matter where the sp is when you can just keep...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,430 Posts.
    lightbulb Created with Sketch. 1061
    It doesn't really matter where the sp is when you can just keep issuing yourself more shares because you've surrounded yourself with a complicit board.

    DM announces record revenue, then asks for a suspension because he can't count. He has screwed up so bad the company almost goes belly up and stays suspended for about three months, trapping investors with massive losses while the independent directors run for the exit. In come the "sophisticated" investors to save the day thinking 2.5c was value. The sp continues its steady decline toward 1c. Then the CEO decides it's time to "value" their performance and pay themselves in shares at 1.2c (probably ignorant to his own incompetence and expecting the sp to go up).

    No, if DM had any dignity he would have his "performance" (and RB) paid in options with an exercise price of around 5c.
 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.