BUG 0.00% 16.5¢ buderim group limited

re-birth of Buderim Ginger, page-4

  1. 31 Posts.
    Sorry, I am just going to have to disagree with your bullish points. All 5 of your points have been proven false for BUG over many years now.

    There has been an endless stream of rights offerings to cover the losses and keep the banks at bay. That has all changed now because it was just bank debt before. In 35 more months there are $15 million in notes due and payable to the Chinese in addition to the bank debt. IMO they would be quite happy if BUG did not have the cash to pay. The result would be massive dilution (or worse) for existing stockholders. This is a ticking time bomb for BUG shareholders.

    Too much risk for undefined and vague potential upside with a bad history of value destruction here.

    I sold out at the previous to last private placement in 2015 at .50, regretted it after they aquired the Hawaiian land but can't see buying back right now. Just my opinion........
 
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