Maybe BUD just wants to wait to restart trading until the market...

First 42 Last

Share
Profile

Follow
AffluentFoodie

125 Posts.

1

14/02/18

10:32

Post #: 31042444
Share

Originally posted by notlistening14 ↑

Nothing has changed fundamentally about BUD. It's business as normal (despite the ridiculous posts we have all had to endure recently on HC), and each day the company grows in value as more Ohms are deployed!

I have gone back and read the original ASX query - and the response BUD initially provided - and can see no issue with it.

However this further suspension is interesting. I wonder what the ASX was not happy about?

IMO the ASX has put BUD in a commercially awkward position - Dave has given us all good reasons why the specifics of these major deals cannot be disclosed (commercial positioning, i.e revealing the specifics of a deal with company X will compromise their position in future negotiations with company Y).

IMO this means they are either (1) trying to tiptoe around revealing the specifics (for good reason) and/or (2) are seeking permission to reveal what they can where they can - this would mean contacting their distributorship partners directly. They may also be (3) assessing the potential market in more detail, to give a clearer picture of potential and likely Ohm installs in different regions (work to be conducted with their distributorship partners)

Another plausible option is Dave is actually looking to finalise the Telstra deal during suspension - to hopefully satisfy the ASX of the deal? This would also explain the need for further suspension.

I am obviously hoping for the latter - IMO we do not need the specifics of the deals (nor would I want to compromise BUD's commercial position at all). I have been more than happy with the communication with shareholders to date (in fact, communication has been outstanding).

...ASX is barking up the wrong tree here...

Expand

Maybe BUD just wants to wait to restart trading until the market in general stops freaking out would that be legal?

BUD Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

LSR

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

There are more pages in this discussion • 116 more messages in this thread...

First 42 Last

Add BUD (ASX) to my watchlist

Maybe BUD just wants to wait to restart trading until the market...

Top Stories

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

Featured News