Ann: Non Cash Impairment, page-94

Disagree.

Sales are falling and have every single year.

LIFX products cannot compete. They are OK as a novelty item in a house, but using them in quantity will require a significant router upgrade in most homes. Would you rather pay $70 for a bridge or $500-$1,000 for a router with sufficient capacity to run a wifi light system directly?

Costs are being cut and staff aren't being paid. Service and support is a shadow of where it was when BUD bought the business.

...and Dave McLauchlan is still your CEO. He is the weakest link.