You have to know when things are only getting worse with no chance of improvement. That's where Buddys at. Dave has to go.
$500K of revenue last qtr says it all. Total failure. Dave and Tim Ritchie both need to go. They have failed. This qtr will also be terrible.
Dave has spent two years marketing a product he hasn't been able to sell. Telling us all that the queue for it was round the block. Telling the market that people that had originally passed on ohm has come back to them when they introduced the Carbon emissions ohm. Telling us over and over that clients have verbally committed but never seem to sign.
"Thor, a great result" with the new contract was less money than the previous retainer. How is that a great result? Because you finally got someone to sign a contract?
One of the negative employee reviews online cited the work from home policy Buddy have. "work" from home which implied people don't really do any work. How many Buddy staff "work" from home? I hear the Europe lead works from his home in Ireland?
Tim Ritchie's Linkedin says "Since announcing the product in April, 2017, Buddy Ohm has been deployed in hundreds of locations around the world." Really? Hundreds of locations? Not ohms but locations. $500K of revenue in December qtr Tim!!! How is that possible????
The numbers don't lie, which only leaves one other conclusion...
BUD Price at posting:
7.5¢ Sentiment: Sell Disclosure: Held
