I would agree with you holdtight. The main issue is that management have been confident of 'break even' by the end of this year and investors have been led to believe that this would be done without significant dilution.
It would seem that when they have given guidance, they forgot to mention that they might have to spend another 20 million to make it happen.
I'm still a believer in this company. I have a million shares at 16 cents so not looking that pretty.
For me this was a speculative buy that I am happy to see what happens with over the next 3 to 5 years.
If it doesn't work out, so be it.
BUD Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
