Webinar Questions, page-107

People are invested to make money, nothing else.  Investing is a way to create wealth.  Gambling isn't, and we aren't here performing research and discussing this stock to gamble our money.  This is not the TAB/Tatts website.

If you take the context of "the challenges" from the announcement, my take aways are marked in bold

The Company released a “version two” of the Buddy Ohm software platform – across device firmware, cloud and mobile environments – in order to address installation, performance and scale weaknesses with the Buddy Ohm product.
Buddy is ultimately a software business, and if the software was not fit for purpose, I believe this is material in nature, but we had 3 months of radio silence.

I personally was not aware of this issue with the software, and if someone could point me in the direction of an announcement that informs us of this issue, I would be greatly appreciative.

Delays in the full commercial release of this software introduced delays in the sale and installation of Buddy Ohm product for customers, meaningfully reducing the number of units installed in the quarter, and therefore impacting revenues.
Being "meaningful", how is this not material.

Although guidance was essentially "hit", and there was 51% growth quarter on quarter, which is an ok result, but it is by no stretch great considering the increase is off such a low base and how long the company has been operational, the commentary from Dave led many to believe that prospects were much better than implied guidance.


BUT this was a "meaningful impact" in Dave's own words, and again, there was no announcement that I am aware of that allowed investors to make a properly informed decision.

Guidance was met, but expectations weren't (if that makes sense).

However, there remains a backlog of customers who have executed purchase orders for Buddy Ohm, but which have not yet received their product
This is significant in that "the relationship is off to a bad start".  Before our customers are even officially customers, they have experienced a negative event.

My perspective is companies will be less tolerable of failures in the future, and due to the "non binding nature of our contracts" (which are really more like agreements), we may suffer from higher rates of customer churn should there be issues in the future.

I don't think this is a strong position, nor one we can really afford to be in, as a company in it's infancy.

Management considers it the highest priority that this backlog be reduced and is working closely with partners to effect this.
Ok, so long is this going to take, and is it something that can be addressed with existing staff, or will new people new to be recruited and on boarded so we can handle forecast demand as well as backlog demand?

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People have said "I'm a long term investor, BUD is a great story", but there are hundreds of great stories on the ASX.

If I wanted feel good in 3 years time, I would sponsor a child or plant a tree.

I want the capital I have worked and sacrificed for to appreciate in value.  If you say you want otherwise, you are a liar.

Saying investors shouldn't sell on bad news or a price drop, is like saying you shouldn't get out of a burning house because the fire brigade are on the way.

Risk management and capital preservation is key, and investors aren't being irrational when they exit a trade, they are following good investment practices.  Don't lose sight of the reason people are here, and don't force your investment practices on other people.  If you were as good as you make out to be you'd probably not waste your time on here, and if you did, you would likely have a "heart".


Whatever your financial circumstances, as an investor, the reason you are here and not at the casino is because you are not a gambler, and your expectation is to be able  use the information provided and research you uncover to shift the odds of capital appreciation further in your favour.

Warren Buffett is one of the worlds richest men is an investor, not a gambler.

Sit and think for a minute about how long it takes a person on an average salary to make and save the money they have invested in this company after paying taxes, rent and other living expenses.  You "should" at least appreciate their situation, even if it isn't relevant to your circumstances.

Yes investing in stocks (and especially at this end of the market) is more risky than "cash in the bank or a term deposit", but it is for that reason the CEOs and Boards of the companies we invest in have a legal responsibility to ensure we have factual information in a timely manner to ensure we are informed as the ultimate owners (or possible owners) of the company.

I lost some money on this stock, but nowhere near what @InBudweTrust did, and I really feel for you man, but people need to stop making excuses for management, and stop "victim blaming" people who have every right to voice their concerns.