This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

BUD - Buddy Technologies

Jump to new
Dona Ferentes said:
the (extended) voluntary suspension is to last until the earlier of the Company making an announcement or the commencement of trading on Tuesday, 04 May 2021.
Click to expand...
burning the midnight oil. No lightbulb moment yet. Need to shine the torch on a few more details?
voluntary suspension is to last until the earlier of the Company making an announcement or the commencement of trading on Thursday, 6 May 2021
Click to expand...
 
Going from bad to worse, gone from voluntary suspension to forced suspension, new announcement late today from ASX,

"ASX has suspended the securities of Buddy Technologies Ltd (‘BUD’) (the ‘Company’) from official quotation pursuant to Listing Rule 17.3, for failure to respond to an ASX query. The securities will remain suspended until the Company provides a satisfactory response to ASX’s query dated 29 April 2021."
 
Back trading today after a CR to Sophisticated Investors at $0.025 which is at quite a discount to the last trading day of $0.043. Ouch!! a bit of red for me today.

Looks like there will also be an offer to retail at same price where you will pick up Options



Summary below, I'd link to the announcements on the Buddy site bit they haven't put them up yet

BUD share price and company information for ASX:BUD

View today’s BUD share price, options, bonds, hybrids and warrants. View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information.
www2.asx.com.au

 
Smokes !!


Bud, you've let us down, but let's see what scrap is offered to the retail holders...
 
A long way back from here, hopefully new investors read thru the whole thread and learn about the risks of be beguiled by the product and not assessing the business. Still love my LIFX lights!
 
galumay said:
A long way back from here, hopefully new investors read thru the whole thread and learn about the risks of be beguiled by the product and not assessing the business. Still love my LIFX lights!
Click to expand...
Keep us on the right track @galumay as we learn from our mistakes...

Thankfully BUD at least came back with a huge loss. I've had gutted experiences where some of these spec hopefuls never came back taking the entire investment down the toilet...
 
I have had a few of them too, don't worry! I hope that I am a better investor now, and my processes will mitigate these sort of mis steps. No doubt I will be wrong again though!

I still shudder when I think of what was $AHZ, $RFG, $SGH, $LPE....I have owned some dogs of businesses in my time.
 
Have the lights finally switched on for Buddy? Latest news states that Amazon is selling their Smart Switch for the US markets. Both the Smart Switch and LIFX Colour bulb are are being manufactured by several companies in China. BUD's prospects rely now on the shipping which is experiencing world wide delays.
 
How the heck can I make a bullish case for BUD. This is not an investible business, I'm never going to trade it, so all that's left is as a stock pick in the monthly comp.

Now the positive case. The last weekly bar is up and the last two daily bars are up. That's pretty thin I know.
It is Halloween. BUD could be a trick or treat (I may be looking at smelly feet).

 
Since my last post BUD has drifted lower and it's now < 0.01. Not even eligible for our monthly comp. Boy, that's low.

But hey, guess what. BUD has announced a new vendor agreement with Best Buy in the US to sell their LIFX Downlight.
Presales have launched in what might be "the most anticipated new LIFX product in recent years". (lol) It doesn't have much to beat.

BUD surged +50% today on the news (up 0.003 from 0.006 to 0.009). The retail crowd has gone crazy.
 
galumay said:
Going from bad to worse, gone from voluntary suspension to forced suspension, new announcement late today from ASX,
Click to expand...
But wait, there's more... Or less. Or nothing; time to turn off the lights.

ASX micro-cap Buddy Technologies has gone into receivership, with shares suspended.

The stock last traded at 0.006¢ and has lost 85 per cent of its value over the past year.

The smart device company based in the US state of Seattle listed on the ASX in 2015.
 
Dona Ferentes said:
ASX micro-cap Buddy Technologies has gone into receivership, with shares suspended.
Click to expand...

Thanks @Dona Ferentes Only just noticed this after checking Announcements today.

Hey Rock (@frugal.rock) Given this was one of your long term hopes, and even though I think you ended up ok after all the toing and froing

I imagine some disappointment would be in order?

Is there any suggestion (if we go back to all the super positive announcements way back in the good 'ol days), that Company Management may have been "embellishing" said positives??

Seen a few over the years where this has been the case, and the rank and file Shareholders are usually the ones left to foot the bill

Any thoughts?
 
@barney, as i posted earlier in this thread, reading the whole thread is a good insight into the dangers of confusing a good product with a good business and the risks of narrative speculation.

From my personal perspective i never saw this as an investible business, I shared my point of view here, but I take no pleasure at all from the outcome and just hope no one here lost significant capital as a result of the collapse of the company.
 
There is a god.

gg
 
barney said:
I imagine some disappointment would be in order?
Click to expand...
I gave up hope on the so called buddy a long time ago...
I remember I walked away from this thread a long time ago also.

I also hope no one hung onto it?
I considered it again after P2 posting, but dismissed it. In retrospect, the recent action was death throws, by people in the know.

Long term hold spec trading is fraught with disaster... generally, although there have been exceptions, IXR, SYA, BMN etc

I guess, the lesson here is, if @galumay steps up and sledges a stock, one wants to tread very carefully if trading it.
 
and so it came to pass. RIP
 
frugal.rock said:
I guess, the lesson here is, if @galumay steps up and sledges a stock, one wants to tread very carefully if trading it.
Click to expand...

LOL! Sadly the outcome here flatters my analysis skills, I too have got many wrong - in both directions. i have sledged businesses that traders have done extremely well in, APT & A2M are two that spring to mind!
 
You must log in or register to reply here.

Similar threads

SAS - Sky and Space Company
2 3
Replies
53
Views
16K
greggles
AB1 - Animoca Brands Corporation
Replies
15
Views
7K
she'll be right
S
BIG - Big Un Limited
2 3
Replies
51
Views
19K
noirua
TKF - TikForce Limited
Replies
0
Views
4K
System
G79 - Goldoz Limited
Replies
7
Views
6K
System
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...