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Originally posted by techfacts:
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Let’s not forget that LIFx financial health was bad as well. They had a huge debt to their largest shareholder who wanted payment. I would suggest that LIFx was in a bit of trouble as well and close to administration. To me BUD and LIFx probably saved each other from the administrator. A deal came together over a beer to save both. BUD was public and could raise $$, LIFx came with a new shiny story, or should I say colourful story, and cashflow for BUD SH. They packaged the deal up and covered it in lipstick, raised a heap of money and debt and now they are hoping something good will happen. 2 crap companies coming together covered in lipstick, recipe for disaster. It will play out in time. IMO
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LIFX could of raised the money via IPO they decided to use BUD. No doubt they helped eachother but LIFX saved BUD, I'm certain it would be in administration as we speak if it didn't occur.
