WEBINAR QUESTIONS, page-75

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Coit

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22/07/21

13:37

Post #: 54691964
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Originally posted by Holdtight: ↑

@Coit, take a step back for a second and reassess.

The Webinar was announced as soon as the ASX allowed. The $6.5m cap raise was conditional on the stock being back trading within 2 weeks. That date was the 16th. The ASX held the coy in suspense until the last minute for no real reason. All their questions had been answered.
The webinar was announced as soon as possible, and sure they could have had it next week, but shareholder wanted information ASAP after the 3 month suspension.

DM has never run away from the tough questions. He answered all the reasonable questions you asked as well as another I liked the answer to.

He was asked " what makes the future of the business different to the past?"

His answer is very positive moving forward. You can listen here from approx 1.21 into the presso.

https://bit.ly/WebinarJuly2021 Here is a recording from yesterday. Drop this link into a browser. Join anomalously.

In a nut shell :
" Finance has been restructured, Got rid of the hangover debt that existed when business was acquired, Reduced manufacturing costs, lower operating costs, increased margins, second manufacturer, Smarter about how they sell with more channels, online selling ramped up, new in app store, new range of products, stronger sales force..."

One further point in the webinar that is worth noting is, Dave and Richard cut their salary to zero, after the accounting error was discovered, AND Dave is putting $120k MORE into the rights issue. Show me another CEO, that is prepared to do that.

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Last edited by Coit: 22/07/21

BUD Price at posting: 2.3¢ Sentiment: None Disclosure: Held
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WEBINAR QUESTIONS, page-75

Top Stories

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Vulcan appoints investment bank and M&A veteran to board

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Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

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