BUD 0.00% 0.6¢ buddy technologies ltd

1. Eastfield sales were inflated for the sale. They subsequently...

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  1. 2,908 Posts.
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    1. Eastfield sales were inflated for the sale. They subsequently forgave $18m in debt. No point selling $100m product for a loss.
    2. DM failed with OHM. SIMPLE. Product wasnt what market wanted. Used LIFX as rescue plan and ran into a bunch of hurdles.
    3. Aging inventory is a few months old and due to a change to better cost effective packaging. it will be sold down for cash at slightly lower margins.
    4. PFG have adjusted terms due to the revenue miss ( partly CFO error and partly due to covid lockdowns ) Normal business practice and factored into the $40m MC.
    5. Dec 1/4 was 91k EBITDA positive.

    You are so full of BS its insulting to investors.

    Move on.

 
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