I reckon they need to cash raise to clear the debt ASAP. That will de-risk the company and see that it can survive through a period out to cash flow positive.
This is NOT the time to go gung-ho with further expansion - not with legacy debt (circa $14m). Survive to see the rewards say in 1-2+ years.
The amounts and timeline for for debt repayments are to big and to tight. If they don’t survive they won’t be there to yield anything!
Running at this a loss at this burn rate is only going to make things worse!
I’ve been in this stock for 6months and see the potential, whilst being receptive of others concerns about transparency and the past failed promised. I’m down 30%, and understand nobody long is up.
I hope they raise cash and enough to clear these debts hanging over them. As a long holder I understand this is further short term pain, but (without debt) there is long term gain.
imho
BUD Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
