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retiredyoung

8,751 Posts.

782

04/06/19

14:28

Post #: 38900844
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Originally posted by McKhenry: ↑

Gallea, the reality is what has changed for us as investors? Between last quarterly and this quarterly, the answer is nothing. Other than not adhering to reducing expenditure, there should be no un-factored bad news.

I just picked up some more again, so I expect a reversal, is it wise? Probably not, but in for a penny, in for a pound and fair value should still be around 10c for this stock.

I think the transparency of the CEO caused trouble last quarterly, it was the right thing to do, so let's get that straight, but if they had have given a single revenue figure, not split, we would probably be around 10-15c right now.

It is going to be a long 8 weeks, but it will hopefully reward the brave.

DM is also in it up to his eyeballs, most of the board are paid in stock, so we can only wait and hope they are smart taking that route, as they all have a great deal more skin in the game than most on here.

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Three of the directors cashed out a total of approximately $8m. I think they have done extremely well for such a poor performing business.

In my opinion the increase in tariffs is a significant change.

Hopefully they get the LOC signed shortly and that gives them the cash to have a successful Dec qtr.

BUD Price at posting: 4.6¢ Sentiment: None Disclosure: Held
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