BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Response to ASX Aware Letter, page-125

  1. 9,771 Posts.
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    @Memsl

    actually most mainstream fairfax print media have morals of a sort - what they lack is business understanding. they dont have time to cover small caps - so when news comes up they rarely have any background understanding of the company's history

    someone else just made the same conclusion about the costs on this forum yesterday - having failed to track how company had raised funds to expand expendoture to grow and service its EOIs

    its a perfectly reasonable conclusion for anyone only superficially aware of the story.

    its like throwing water on someone burning in oil. seems logical - but very bad idea.

    but like i said earlier - this is a great opportunity for BUD to distinguish itself - take the notoriety - respond with sober transparency and good governance explanations - and the business reputation will only be enhanced

    you cant plan for left field stuff blowing up like this -you just have to be adroit - recognise it as a useful litmus test for the business - and turn it into a win
 
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