Ann: Share Placement, Share Purchase Plan and Business Update, page-39

@McKhenry,
Just so you are clear the SPP closes 4th Oct. Quarterly is out 31st Oct.

There is no bad news in this announcement other than they are not 100% done.
The "going concern" has been taken care of by INSTO and Sophs. Great response from the long term holder despite deep deep out of the money. They generally have longer term investment horizon.
The Bridging loan isn't being paid from this raise. Extra finances organised!!. We are told we will have details by month end.

Each piece of "fluff" in the past has been with regards to OHM and not LIFX.
A bulk order, larger than 1/2 of last years volume to one customer is massive. If it lands in September will could mean the quarter is EBITDA positive, could mean the 100% growth guidance can be achieve ahead of the best quarter. A US utility!!! The LIFX sales team have landed all the big deals in the past the best buy, amazon home depot etc.. You can be almost certain DM is not the direct sales guy here. Last years revenue was $38.5m. This order could mean $20m+ in revenues. And maybe $5m-$10m in extra manufacturing costs that need to be funded.
Pretty clear to me to take this potential order they needed more money via debt and equity. The Socpac limit would be fully used up.

You have to assume the size of the order is what has encouraged the manufacturer to agree to the reduction in manufacturing costs. Bulk orders are great as they have less shipping costs. Will obviously be at a discount rate, but we are told margins are maintained or improved.

The licencing agreement with two Aust coy has revenue that sits in the commercial side with Airstream and OHM. That must be how they getting that side of the business to B/E or profit. Or maybe the Asian OHM deal comes with some kind of $$ assurances. Surely they wouldn't make the same mistake as Digicel.

I can see why the ASX continues to allow bud to give the guidances they do, given they know these details.
Market will be all over the stock if they print positive EBITDA in the Sept quarter.

For longer term holders this is great value. $46m market cap with all these potential developments. Downside at 2c for us who have worn it down from 42c is noise. Many bagger Upside with OHMWW back in play and unexpected Bulk order/s, Licencing agreements with Saas, improving margins as retail prices fall, Debt facilities almost complete and in place for global expansion in 2020. All my opinion.