BUD 0.00% 4.3¢ buddy technologies ltd

#theroadto10000 have we reached 100 yet?, page-181

  1. 174 Posts.
    lightbulb Created with Sketch. 329
    You have got this wrong Benspurgin. The VWAP is for the LIFX 49% holders. None of these have bud stock to sell it down. No chance they can get stock borrow to short it. The equity raise was done at 8c and remains at that level.
    Having said that, shareholders will need to know before next week what the format of the debt is so they can vote on it. Once all that is revealed then BUD will return to double figures, based on the expected revenues of the combined team. IMHO, the only reason the stock is down here is a disbelief in securing the Debt. I don't believe this will be the case and BUD/Lifx will have $80m-$100m in revenues with +npat by xmas and this $60m market cap pricing level will be a seen as a great purchase. All in my opinion.
 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.