BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Suspension from Official Quotation, page-29

  1. 342 Posts.
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    The suspension surely only confirms two things:

    1) They didn't have sufficient time to release whatever it is they were releasing (the curiosity on the TH remains, but perhaps it's for the avoidance of any potential insider trading - i.e. perhaps whatever it is is somewhat 'discoverable'
    2) It must be very significant.

    True - we don't know whether it's positive or negative. Given they have had 3 weeks from quarter close to prepare their 4C (which is merely "cash" related items, not complex P/L items), I am now thinking this isn't about the 4C itself, that it's probably more likely to be about the future guidance (which they said on 26 March would be in the 4C). My best guess from here is they wanted to get audit sign-off prior to releasing bullish guidance (or they wanted to get more information from Amazon or others on sales orders to have more confidence on the guidance).

    That said - I could be missing something obscure and unforeseen on the negative, but fingers crossed that's not the case.

    GLTAH on Monday!
 
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