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Ann: Acquisition of LIFX and Share Placement, page-91

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crazydave1942

7,212 Posts.

613

06/02/19

16:28

Post #: 37351963
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Originally posted by Holdtight: ↑

$3.4m was last year and normal in the progress and expansion of a global business. Imagine the cost associated with setting up at best buy and bunnings and the likes. If home depot came to them and said set up in our stores and the initial cost was $5m, I would certainly be happy for them to do that, for the longer term benefit. This year project/ expect profitability. Show me another tech business that is growing at 70-100% pa ( whilst capital constrained), will have close to $100m in revenue this year and is profitable and that you can purchase for $71m ( 0.7 times 2019 revenue) and have the founders take 100% buddy stocks, then escrow it until they contribute up to $250m in revenues. This alone is a massive vote of confidence.
Find me something that even 1/2 as good and I will be impressed by you.
I extend the invitation to 1 Ronnie and crazyDave also. If you cant cant find it, move on and troll another forum.

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I was bullish on the LIFX acquisition, at work when I get home I can look into what has occurred.

I'm no troll all I'm saying is the ohm business is struggling and you guys don't like it.

LIFX I like just as a company.

BUD Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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