A business already burning cash while fully operational now is burning cash while not even operating.
Then you have someone tell everyone for 4 months of burning extra cash it is nothing. Well it's not that could easily be millions of $$$$$.
A raise comes then shares on offer is almost going to be a record breaking amount after a massive raise, that makes SP rising almost impossible.
The company is in a bad situation LIFX is heading towards a buyout in my OPINION.
Think about it the sale of LIFX maybe the only way Buddy survives. He can then use proceeds to buy his next business to keep the money coming in and Buddy alive.
All in my OPINION.
BUD Price at posting:
4.3¢ Sentiment: Sell Disclosure: Not Held
