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From ceo letter. “This means reducing our quarterly cost base on...

  1. supergwailoh
    723 Posts.
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    15/06/19
    18:36
    Post #: 39076192
    From ceo letter. “This means reducing our quarterly cost base on the Buddy Platform and Buddy Group entities to A$1.2M per quarter”

    From the 4c “REDUCTION IN BUDDY PLATFORM EXPENSES:The Company has undertaken a series of cost-cutting measures which will result in the (pre-LIFX) business targeting a cash outflow of A$1.2M per quarter from end of April 2019. This is down from A$3.2M in Q3FY19.”Cash outflow is totally different to cash burn.
    We have all been totally misled. Again.

    https://hotcopper.com.au/data/attachments/1596/1596976-e8414b4a67cc8d930e2d2ee2c9ad44b1.jpg

    BUD Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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