I fully agree that having cash in the bank is the way to go for BUD and Dave before entering into a 'monster' deal with, most likely Ingram Micro. It provides security, comfort to both parties and perhaps strengthens Dave's negotiating position. I suspect that Dave had no intention to raise $20m until a few weeks ago but the offer of a worldwide deal (hopes!) was an opportunity and challenge that he could not resist. He moves fast so we will not have long to wait before all is revealed.
Indeed, exciting times ahead.
BUD Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
