Furthermore if it was an ASX requested suspension the announcement would have said so and ASX would have said something. This is another BS voluntary suspension that DM hopes will stay i place long enough so people forget and dont sell, or some crazy reason. There was no need for TH or Suspension for this announcement. It now all a game of survival for BUD now.
Anyone who thinks this Digicel announcement is not a huge issue must have really thick rose coloured glasses on, DM just told the market that $20m in forecast revenue is now dead, gone, never to be seen again, this was a large % of the $$ required to break even, this year, this breakeven is now more of a joke than it was a year ago. It is a shocking announcement and this will snowball. Ingram, Dicker, all these resellers will be reviewing their relationship with BUD now. IMO
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- Ann: Digicel Arrangement Update and Revised Guidance
Ann: Digicel Arrangement Update and Revised Guidance, page-70
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