BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Quarterly Cashflow Report, page-21

  1. 1,228 Posts.
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    Hi TJ Skins, re your comment "The real takeaway from this announcement IMO was the acceleration of the first milestone being forecast to be achieved 4-6 months earlier. I think this was said in the investor call to be achieved within 2 years, so does that mean it could still be another year and a half? I got the impression from reading it that it would be a lot sooner than that..."

    The Ann says "Company expects that as a result of this integration, meeting the first performance milestone (20MM device connections to the platform daily, as documented in the prospectus dated November 3rd, 2015) shall be accelerated by 4-6 months."

    I copied the relevant slide from the video, the way I read it is:

    Year 1 - 20M device connections to the platform daily

    (just to be clear, the slide definitely says 20M, not 20MM as per the ann above, I think that M can = 1000 or 1 million (M is the Roman numeral for 1,000), so in this case M is equal to MM - I am unable to post that slide copy, that I captured using snipping tool)

    Year 2 - 500k new device connections per week

    So it should be only 6 months or so away from being met. Which I think is fantastic, and hopefully a sign of future UNDERPROMISINGNG and OVERDELIVERING!
 
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