The blind leading the blind, page-2

First 2 Last

Share
Profile

Follow
Send2deking

902 Posts.

30

05/02/19

21:29

Post #: 37341365
Share

Originally posted by Traff1que ↑

“That said, we continue to stand by our guidance that we expect the business to become profitable in calendar year 2019.” This is from the Annual CEO letter on 8th Jan 2018. Did I miss the later announcement that this guidance had changed to breakeven by the end of CY2019?

We were also never told the $69m projected revenue over 3 years could be cancelled with a months notice and no penalty. I wouldn’t have bought a heap of shares on the strength of that announcement if I’d known that major clause existed. We were also told these were conservative/minimum revenue estimates.

Dave McLauchlan says what he wants and changes guidance without notice and consequence or accountability? There is always an excuse. Recently we failed to secure two deals...”our optimism was tied to two customers with significant order volumes who (following successful pilots) had verbally committed to purchase in December via the Digicel arrangement. “ Dave, I have an issue again with your wording. “Following successful pilots”. So no deal was signed, our agreement with Digicel is a mess, yet you claim it’s a successful trail. What has been a success about it? I’m sure you had a verbal agreement with Telstra and look how that turned out.

Change is needed at Buddy platform. Revenue down 36% which is a failure of the entire company. Sales team not doing their job at a time when they know re-sellers are failing to get a head of steam. A head must roll so that we can see again.

Hopefully this acquisition brings a capable CEO to challenge the current one.

Expand

We actually were told over a year ago the contract could be cancelled almost immediately if required

Go back through the announcement and information

Stick to the facts

Everyone whose done research knew this was a possibility

BUD Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

There are more pages in this discussion • 7 more messages in this thread...

First 2 Last

Add BUD (ASX) to my watchlist

The blind leading the blind, page-2

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia