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If anyone wants to know what happened when Sequoia finished...

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Kmtw

1,430 Posts.

1061

12/11/21

16:25

Post #: 57536677
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Originally posted by Holdtight: ↑

@BUDORDUD, the current MC is around $50m. I am expecting that revenues will reach $35m this year. The last quarter being the key. There is plenty of inventory and the margins are out to 43% from 28%. The retail footprint continues to expand in USA and Europe. It took 12 months to get this German smart home Telcom deal over the line. The SP is suffer from PFG selling out as they are not equity holders. I have previously seen what happens when Sequoia finished selling.

We have just started to see positive EBITDA months and with Switch now selling at high margin, I believe the next 6 months will see the stock back to around 6c.

All just my opinion. DYOR.

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If anyone wants to know what happened when Sequoia finished selling:

The CEO and Chairman both bought stock with the inside information these were the final shares being offloaded BEFORE informing the market. They then released an ASX announcement congratulating each other on using their own money (which was financially engineered through the BUD IPO anyway) and proclaimed this to be the bottom of the market.

Rinse and repeat with PFG, only this time bucket loads more stock.

BUD Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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