For those that are asking how this is announcement is material I would like to remind them of two points.
(1) The asx has been all over bud since the aware letters last year and would not allow any announcement through that was not material. Obviously there is a lot of details missing in the announcement and I can almost guarantee that it was because of the ASX restrictions.
(2) A few people fail to understand that the sale of lifx product at best buy IS NOT on consignment. Best buy have to purchase the product from LiFX. It can be expected that this announcement is the pre cursor to a material increase in orders from Best buy. Thus why Bud had to announce the commencement of the new deal.
$122m market cap for a company with a minimum $3m in revenue A MONTH and growing explosively is mental.
Jan was up approx 103% yoy, Feb approx 98%, cant wait to see what March was.
Wont be under 10c for much longer IMHO.
DYOR and HOLDTIGHT.
- Forums
- ASX - By Stock
- BUD
- Ann: Best Buy US Expansion for LIFX
Ann: Best Buy US Expansion for LIFX, page-51
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)