Of course he's going to say what he said, although frankly I can't fathom in any way how that outcome is possible.
I know the cheer leaders here like to call anyone who points out facts as being a nay-saying hater, but...
...how can you reconcile his statement with reality? Honestly, answer that question?
Digicel - supposed to contribute over $20m in three years. This was required for their cash-flow break-even estimate to come true. Now going to fall short by a long, long way.
Ingram Micro - supposed to contribute millions. This was required for their cash-flow break-even estimate to come true Has yet to start generating ANY revenue. Going to fall short by a long, long way.
Parse - supposed to contribute millions. This was required for their cash-flow break-even estimate to come true. Not contributing ANY, actually costing them money
Etc
If these "deals" were required to get to break-even, ACCORDING TO BUD's OWN ANNOUNCEMENTS, and now they are not contributing much if any at all, how do they explain that they'll get there now? I just don't get it.
All the virtual high-fives and getting snarky at those pointing to formal company announcements in the world can't reconcile the situation above.
The only thing that can is a huge uptick in Ohm sales. And if that was happening they wouldn't be diluting and raising capital for an acquisition.
BUD Price at posting:
9.5¢ Sentiment: None Disclosure: Not Held
