That tends to happen when you spend over a year "negotiating"!
Seriously who has a product that takes that long to sell!! Of course market conditions will change in that time. Dave talks about Covid-19 being the "Black swan", well DM, you are the Black Swan.
"Earlier this year, the Board assented to an eight goal plan for the business in 2020"
"8. Land outstanding major deals in the pipeline - such as the Asian telco deal, the (2nd half of 2020) U.S. utility deal,
and others not disclosed."
Anyone actually believing this anymore!? Holdtight goes quiet now because he's been told what the finance announcement is already and can't post on HC until it's released. Just like he should have stayed quiet when he said
"IMO "the mega deal" is NOT one order, but is an agreement for multiple large size orders over a period of time. The agreement has begun." Now in the qtrly DM says this:
"Right at the very end of the quarter, the Company announced its biggest ever set of purchase orders - totaling A$3.8m just for LIFX White. This was effectively a first “stocking order” for the product, and as with all LIFX products, retailers need to keep ordering on a consistent basis to ensure that they can maintain stock levels, making it likely that this SKU (with its expected reorder volumes and cadence)"Dave talks way to much and delivers nothing. He must be sacked by the Board including the removal of Borenstein who is mainly responsible for paying $70million for Lifx.
Lifx is a total mess. Go to JB Hifi in Stand Arcade on Pitt St. 3 months ago I posted a picture of their display. It can't even cycle colours. Just all white. It's still exactly the same. They spent good money on this display but didn't work with JB staff to be able to actually connect to it and make the lights demo colours! WHO IS IN CHARGE OF THIS LIFX! Nanoleaf have their display working! So does Hue! NOT LIFX! JUST ALL WHITE. USELESS
