1. BUD sales of LIFX have gone backwards every year since the acquisition?
2. DM's hyperbole and failure to deliver on expectations in his entire time as CEO?
3. BUD has been unable to sell enough products which has led to an oversized and ageing inventory?
4. They are unable to draw down anymore under the PFG LOC due to insufficient collateral?
5. December qtr is the largest revenue qtr, by a material margin, and BUD still managed to burn cash despite running down the inventory.
Right now, the offer side looks exactly like it did when BUD slid from 2c to 1c. Full of fake 20m bids.
Also, remember when you said this was your decision point for BUD. A solid 4C for the December q was required. This is far from solid. Reflect on what you hoped for, and compare that to what you were given?
BUD Price at posting:
1.0¢ Sentiment: Sell Disclosure: Not Held
