What makes no sense is how qtr ending September 2018 was the biggest ever for ohms sales. Like ever. So the rolling revenue from that should have reflected in the December qtr. from the accounts I make ohm revenue around the same for both qtrs. Does that mean they didn’t sell a single ohm last qtr? The one that was on track to be the biggest ever. Like seriously ever in their history.
It seems that only an ASX enquire will get the truth out of Buddy like last time with the $69m forecast details.
Where is Dave anyway? Still totally distracted 100% of his time with this acquisition while Tim Ritchie and the sales team work from home doing apparently absolutely nothing? A reminder of a previous post...
”no investor should mistake this sentiment with the notion that management is anything other than completely and totally focused on on the growth and progress of the sales of Buddy Ohm, and the continued service of our Buddy Cloud customers as best we can.”BUT earlier in the document “since late September 2018, the Company has devoted considerable resources in respect to a potential acquisition”
So management are not “completely and totally focused” on the growth of ohm! We’re going backwards fast and Dave is to blame. Sack him now.
BUD Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held