@techfacts, I believe you are looking at it all the wrong way. If Lifx IPO on it own there would have been the same amount of share required to be issued. The market would have assessed it value based on what the future holds, not the past!! The coy has expected revenues in 2019 of between, $70m-$80m ( could well exceed this ). A profitable year is forecast. If the growth path continue we can expect $150m in 2020 CY. As for the debt, its at a very manageable level given the revenue growth and makes much more sense that increased dilution at current levels. The working capital will be drawn apon and paid down as cashflows vary during the year. These borrowing form part of normal business operations and are factored into the expect NPAT. IMHO, being able to acquire a coy for $70m or approx 1 X revenue 2019, is an extremely good deal and hard to complain about as you appear to be doing!
BUD Price at posting:
7.3¢ Sentiment: Buy Disclosure: Held
