BUD 0.00% 0.6¢ buddy technologies ltd

Stock failure

  1. 723 Posts.
    lightbulb Created with Sketch. 297
    Spend money to re-redo the Lifx websites and drive more direct sales at high margin. 50% of LIFX.com stock "sold out" for over a week. Significant loss of vital revenue. The CEO must be sacked immediately. He said they turned away $10M of sales last year because they couldn't meet demand. He said this was fixed. That is a lie. Disgusting to have just done a CR and SPP and not have stock. I am not interested in people saying this shows demand was high and it's good to have sold out stock. IT IS NOT. It's a total failure of management and an insult to shareholders at such an important time. Your business is to sell lights so damn well make sure you have product to sell.

    https://hotcopper.com.au/data/attachments/1879/1879595-af7b529b79063fb2672b15d677c2f2de.jpg
    Last edited by supergwailoh: 12/12/19
 
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