BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Trading Halt, page-31

  1. 1,099 Posts.
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    It's not too hard for BUD to estimate how much they needed to carry through the 70-100% growth when they acquire LIFX. So the need for more cash indicates there are additional things to be financed that were not in the original roadmap. I could only speculate it is related to the production of LIFX switches and other new types of products. Another possible reason is they expect more volume growth coming, although this might not translate to higher revenues in the short term.
 
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