BUD 0.00% 0.6¢ buddy technologies ltd

Ann: Trading Halt, page-78

  1. 93 Posts.
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    The new factory was exclusively making the switch and is currently being sorted to build bulbs to.

    @Nerdslayer, the question was asked in the mid-year webinar about the capacity of the current factories to produce more. The reply was the current factory could be ramped up to produce 5x the bulbs it currently does; BUT, until the new finance deal and crucially, the voiding of the current deal with Eastfield, BUD has not has the $ to make this happen.

    This is reason I keep urging caution and common sense for those who keep commenting with unrealistic expectations with regard to the OCT-DEC quarter. The company has not been in a position to produce anymore globes in the final quarter of 2020 than it was in the same period in 2019.

 
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