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Last edited 5 months ago
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#Death Spiral
Added 5 months ago

Watched the results presentation today.

Revenue is down to $10m or 1/2

Loss $5.8m for 1/2

They have sacked the co-founder, whi holds about 25% of the shares,

They are suing and are being sued by their largest supplier.

Refused to discuss the law suits, (what is BDT exposure)

CFO - looks and behaves like a THUNDERBIRD


BDT are in a death spiral and are trying to BS their way out of it. Every reporting season worse than the last one



#Going to ZERO
Added 5 months ago

BDT has a M/Cap of A$13.30m with cash on hand A$20m. Is there something BAD that we can not see or is it a screaming BUY ?

Interested others opinion .