Hi unsinkable Director selling may or may not mean something, at...

Hi unsinkable

Director selling may or may not mean something, at least he did not sell at the high.

Lots of selling since December, who sold and why we will probably never know, even though in my opinion it does not look good.

As for the CEO, I hear what he says but I see what he does.

Plenty of big talking:
21 July 2015:
Buddy ready to 'pour gas on the fire' with IPO
"The beauty of our situation is that the product is live, up and running, operational, and driving revenue. We are not here to go and invest in a new widget, we're here to pour gas on the fire," he said.
http://www.copyright link/technology/buddy-ready-to-pour-gas-on-the-fire-with-ipo-20150719-gifv7k

Then there was the pipelines, where many seemed to lead to nowhere.

Then the Investor Presentation - 19 June 2017:
Initial interest has been staggering – customers representing potentially tens of thousands of facilities across US & AU have requested trials or submitted purchase orders for first buildings

Then a CR and a large potential global distribution arrangement proposed to span 100+ new markets for Buddy Ohm.
and then Telstra is finalising negotiations with Buddy to become the primary sales channel for Buddy Ohm in Australia


What we get is delays and poor Quarterly Results:
Mar Qtr 16: cash flow negative -$1.6m
June Qtr 16: cash flow negative -$2.2m
Sep Qtr 16: cash flow negative -$1.6m
Dec Qtr 16: cash flow negative -$2.3m
Mar Qtr 17: cash flow negative -$1.9m
Jun Qtr 17: cash flow negative -$2.7m
Sep Qtr 17: cash flow negative -$1.7m