Thanks for taking the time to reply, my issue with some of the comments are around it’s fluff or why is that a PC ANN and continually knocking / mocking the ann when it isn’t required and fact less.
At the end of the day the business is required to provide updates as per the specific policies they signed up for and the ASX (who are woeful) determine if it is or isn’t PC. Comments around being fluff when all $BUD is actually doing is being compliant with the regulatory compliance they are required to do as a listed company.
$BUD is realistically in the best position of it’s life to exponential grow with a host of current products and with their quality and the products which are due to be released.
They’ve partnered with great third parties and as per the Amazon Prime sale just under 4 units per second was the maximum sale rate. In any ones language that’s pretty damn good.
The clean light could be an absolute game changer. Sales around the clean light in the current climate should seel all year round as apposed to LIFX being sold predominately in the 3rd quarter of the year.
Don’t get me wrong thinking it’s all rosy. Dave is a woeful CEO. Well he was. Came in promising things and didn’t deliver. I’d think / hope he’s grown and developed and by onboarding Hicks and hopefully other better players around him it will help steer the ship to where it needs to get to.
Shares on market are ridiculously high
But the past is the past and most long term holders have averaged down.
Point is, the future looks solid and should look great with J curve like growth if they capitalise effectively in the opportunity in front of them, then It will easily become a billion dollar company. However you need a plan and be able to deliver to the required milestones. Can Dave do it? Well on his own absolutely not, but that’s why you require a strong aligned team around you and someone like Hicks opening doors and replicating what he did turning the previous company he worked for into a billion dollar company. Also and lastly Hicks seaked out $BUD not the other way round. So he’s risked his reputation on this. Clears knows and sees more than we do.
The past 12 – 15 months has seem solid growth and the foundation has been set. Now it’s time to explode.
Good luck to all holders
Ann: LIFX Pre-Sales. LIFX Clean to Sell at Amazon, Best Buy, HSN, page-34
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