IOT sector was in boom in 2016-2017... without having any revenue BUD grew to 40 c as of now it's declined to 9 c.. this is combined reaction 1. no revenue as promised 2. Market was down 3. ASX Queries after Queries.... ASX could see which retail SH can't... according to ASX all promises and FC was fabricated and at the moment BUD is only just proving ASX was Right!! with new investment of about 22 mil in 2018.. if BUD is only showing revenue of 1 mil is not great....
Dave sold out huge chunk at 20 c in 2018 Q1-Q2.. reason "Personal"!!
Simble solution very similar application as BUD, generated 1 mil revenue in less then a year listing on ASX and there market cap is about 10-13 mil only. well I am not selling may be I would top up when it's 5-6 c.. BUD needs at least one Smart City showcase project..by 2019-2020 there will be huge influx of IOT devices in market may be not as smart as Buddy..
Buddy USP is automation of energy analytics.. I don't think they are selling on this may be not even targeting this market.
IMO DYOR
Conference/Tweets/Presentations/News, page-495
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