So it would appear that there will be an announcement this morning rather than a further extension of the suspension. I have no doubt that Dave will be excited and enthusiastic about the acquisition, I trust that the investment community will feel the same way after reading the details of the acquisition.
Hopefully Dave will not have over-stretched BUDDY to secure a golden opportunity. We all want BUD to grow but there are concerns about how Ohm is being accepted by industry following the marked reduction in revenue during Q2FY19. Certainly my confidence has been shaken; so while an attractive acquisition will be exciting, I would like to see some boring, old-fashioned, steady revenue growth and a string of fulfilled promises.
BUD Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
