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0.6¢ buddy technologies ltd

That's how I read it Colt. Sobering that management run a...

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Shalako

520 Posts.

68

27/06/20

18:16

Post #: 45490781
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Originally posted by Coit: ↑

So let me understand this please:
“The Company’s second best month in its history is a loss of approximately A$176k.
It was achieved through “efforts to overhaul the business and reach the efficiencies needed to be profitable at scale”
“Consolidated revenue for the month of May – was down 18% from April 2020 and down 25% from May 2019”
Government subsidies related to COVID-19 are included in the revenue figures above.
Again:
Second biggest month is a loss of 176K which is equivalent to 13,538,461 shares
It was achieved through major cost cuttings – not only are they unsustainable but they are, at their own admission, only applicable at scale. Therefore if that scale is not achieved?
It includes subsidies related to COVI-19 – unsustainable

And this is construed by some as positive. How?

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That's how I read it Colt. Sobering that management run a business based on shareholders stumping up funds for a plaything of the Board, this happens too often. Unfortunately we shareholders get caught up in the hype sometimes just to relearn how not to invest.
BUD Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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