It is pretty obvious - to me at least - that when DM first mooted breakeven by end of CY 19 that was a guesstimate based upon the likelihood that one or more things would happen in that timeframe to get it over the line.
Those things would have included:
1) global distributor led sales
2) a whale sale
3) a revenue delivering acquisition
4) WBT shares going through the roof
5) Parse sales magically kicking off
6) Thor greatly expanding the brief
7) other Thor-esque clients landed
8) a trifacta win at the Melbourne Cup
9) etc
The issue now is - are any of these likely by the self-created deadline?
I'll leave each of you to put a likelihood and $ value next to each of the above
But the real moral of the tale is DM continually puts himself in a difficult spot by under-estimating difficulties and claiming delivery way too early - he's a compulsive trumpeter!
And to think he trained as a pianist!
BUD Price at posting:
9.5¢ Sentiment: None Disclosure: Held
