IXC doesn't generate any revenue from their activities and he is still the top shareholder. Doesn't mean it wont amount to anything long term. He bought in in the IPO so doesn't really translate here.
BWX was built on acquisitions and debt facilities which screwed them when interest rates spiked post Covid. You can't keep borrowing funds without the cash to repay it. Wouldn't have mattered if it was Twiggy or not, people were going to get screwed with that one.
Difference here is: LDX is debt free, generating revenue, multiple revenue streams etc.
A bit more of a sound "Start-up" investment looking at the above.
That, and the cash invested into IXC and BWX is a pindrop in the ocean funds wise for Forrest / Tatterang etc
LDX Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
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