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Questions for the webinar., page-7

  1. 2,857 Posts.
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    @crazydave1942,

    I wasn't going to reply to any posts, for 1-6 weeks until I believe both deals will be completed, but you have been in for the very long roller coaster like myself and so I will give you my answers to these questions.
    (1) Yes, IMHO maybe they paid too much if the large bulk order falls through. They paid approx 2 X 2019 rev. Some might say that is fair and some may say cheap and some say expensive.
    No, when this bulk deal is complete. We know the utility was 500,000 lights and this one is "many multiples of that" .
    BTW, Bud was not the only one looking to purchase LIFX.
    (2) Obviously they did not know about the degree of discounting and bundling to drive up revenue. Was it well hidden or poor DD...who knows but we cant have yesterdays snow.
    (3) These new regions have only just begun. Give it a chance!!!
    (4) The coy debt was never projected to be repaid for at least 3-5 years. The interest was to accrue into the final settlement at the end which could be converted into stock. The idea was in 3-5 years the establish coy would NOT be concerned with $17m in debt.
    (5) Cant disclose on the deal until its done. Look at the complaints about the US utility. The ASX forced disclosure here against the coy wishes as part of the cleansing.
    (6) CR are necessary to expand any business. Afterpay is still raising. The question should be when will you need to raise again and where will the coy be.
    (7) Question I asked myself in my last post.
    (8) Both risks always exist for many coys....but takeover will be a higher prices , not lower. The top 20 holder have enough stock to make this impossible.
    (9) Define fail. Disappoint with 4c? Answer...2017-18 Ohm failed like sooooo many other Iot coy and asx listed small cap. Yes, Lifx was a life raft, but its better than the alternative. The coy reinvented itself and focused on fixing Lifx, getting EBITDA positive and give OHMWW enough time to has a second coming at the IoT market.
    (10) IMHO there is no one better suited within the organisation than DM to be CEO.

    I am as angry as you are at the time its taken and the constant set backs with this business. Some are DM fault and some out of his control. What I have learnt is that things always take 2-3 times as long as they are forecast to.
    If DM doesnt deliver the Bulk order and the Asian telco in 6 weeks, I will agree with you CRAZYDAVE that DM needs to look for a replacement. There is an extremely lucrative business here and it needs delivery.
 
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