Lol the man said mid year for big deals ( less than two months) we don't have three years we have 8 months lol to hit the mark. If this quarterly is average say 700k or less with the 300k from Thor that means we have 3.3 million to go lol, in six months.
Once again LIFX won't cover the loss yet so it will keep coming out of the ten million we have lol.
So we need the money now not in three years time lol.
No mention of big deals could easily mean we don't have any.
No big deals equals death by
1. Another raise makes the situation a disaster and may take years to come back from.
2. Slowly roll into administration.
Likely no1 which is still a disaster.
I think some need to look at facts instead of LIFX. The company is still in a questionable position, extremely tight spot. No idea of LIFX position in a cash flow perspective and we have no idea on big deals for OHM, we can count out traction now that won't cut the mustard. So what is DM saying by not dropping the revenue guidance, it has to be some are in play or waiting for the correct time to announce we won't make it. With six to eight months to go he would have a fair idea by now.
By the way it's not fear or anxiety this is the situation. We need news to start flowing in or we could see another raise and it won't be small, all IMO.
BUD Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
