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retiredyoung

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03/07/18

08:06

Post #: 34097148
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Originally posted by Holdtight ↑

Goldbear,

not sure what has happened to change your commentary from last week where you said a 50% uplift in revenue would skyrocket the stock, to this week where you say its barely a pass in your view!!

I think you have a number of errors in your post.

(1) you claim the company has been selling OHM for 12 months. As disclosed in the ASX aware letter, the first revenues showed up in November. This means that 12 months revenue will not appear until Jan 2019. OHM was launched 12 months ago. That does not equal sales.
(2) you claim the company has claimed to have 3500 customers. This is incorrect. The company had "pre-launch interest from resellers that represented 3500 customers". Two extremely different things.
(3) The $2000 per system per month is an over inflated number to be using. The company has publicly stated that the "blend of monthly revenue AVERAGE will be $750USD"

It is obvious to me that you have a good following on this forum and in general have a lot to contribute, however, it is important that you don't get what you interpret to be the fact confused with what the company is actually saying publicly. It also important to differentiate to your followers about the revenue dollar growth and the sales growth. You seem to jump between which of the two is most important. Obviously the sales are the key and the revenue will follow. At this point in time the absolute dollar amount is not critical in what is reported by the company to be the first significant uplift.

This quarterly IMO, will not be the game changer you pitch it to be. Its the start of the company getting traction. As you have said yourself on many occasions startups take time and patience.
So

Holdtight

Expand

Hi Holdtight

Revenue obviously comes after sales but I think that BUD have been trying to sell Ohm's for more than 12 months.

The following is what BUD stated in an ASX announcement on 29 May 2017:

Following a highly successful pre-sales customer tour for Buddy’s new energy monitoring and verification system, Buddy Ohm, official Australian and U.S. sales start today

Expand

https://www.asx.com.au/asxpdf/20170529/pdf/43jkk0qbcv3ngh.pdf

Last edited by retiredyoung: 03/07/18

BUD Price at posting: 14.5¢ Sentiment: None Disclosure: Held
4 Upvote

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