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Thanks Micky, appreciate your in depth response.

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peteraw

215 Posts.

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31/01/19

19:22

Post #: 37288415
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Originally posted by MickySea: ↑

No I haven't Pete and for the sake of many here I hope the 4C knocks it out of the park. Narrative up to this point and for quite some time now would indicate that this is an unlikely outcome however.

Don't think any acquisition will make a difference to the upside tbh. Unless they become a holding company and invest $15m AUD into $FB. A move such as that is likely to return them in excess of $4.5m AUD in profit in the year. Far more than any acquisition will.

An acquisition obviously shows they are no longer "laser focused" on Ohm, and if it's not getting traction, they shouldn't be. But it changes the whole story. Their public statement of being cashflow positive this year is almost guaranteed to be walked back. It's very unlikely their acquisition will result in them reaching that target, even my wink wink $FB one noting their cash burn, so a return the three year lows is very likely. It's not pretty or nice but it's a decidedly likely outcome.

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Thanks Micky, appreciate your in depth response.

BUD Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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