they said they were negotiating with third party about purchasing the debt. Who would be interested in buying the debts with what security and at what costs?
I cannot believe they are full of sheet about cost cutting and etc and everything is down significantly like cash assets reduced by $7m, cash at bank $900k and EBITDA of negative $4.4m. How can this guy keeps running the business and have the support of the major shareholders is beyond me? Last qtr they blame the supplier and this qtr on Covid-19 pandemic, black swan events.
where the fork is the missed $14m order from dec qtr? Surely a portion of that should be purchased in jan-mar qtr if they cannot fulfilled the full $14m.
as I said I am very gutted and disappointed that they are full of sheet every single qtr for many many years and they still get away with the bs!!!
BUD Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held