Not starting an argument with you
@Kmtw, but you are wrong on so many of your claims. The March quarter had a lot of 1 off expenses due to the Jan refinancing and repayment of debt ( also remember the $13m in debt forgiveness). As a major shareholder every dollar they pay to PFG, bell potter , lawyers or financers comes straight from my/our pockets ( mine more than most others). I am not one bit happy about it. BUT, DM has made the best from an extremely difficult situation. OHM failed. Administration was looming. Lifx was purchase in haste and came with ALOT of baggage ( unprofitable skus, poorly agreed retail agreement, terrible commercial terms) and raising the required $80maud purchase price was next to impossible for a small cap that was close to failure. DM took the hard alternative road that looked complete in Jan when PFG refinanced EF. Then these 2 speed bumps came unexpectedly.
DM might have failed initially with OHM ( or been too early ) he is definitely the right man to take LIFX to where it should be.
He needs to change the CFO/COO and strengthen the team around him. He will improve the board to reflect the business that Bud is now and not what it was. Travis and Don will take a more active role in the running of the business.
With some clear air in the next 6-18 months I believe this business can soar and I can get all my money back and a multiple times return.
I will set up a webinar questions thread and you can post your questions directly to the coy.
Best of luck with your investments, I am not responding to any further ill-informed claims.
If there is a silver lining from the ASX scrutiny its that what ever the coy does and says will be under a microscope.
