Amazing how fast those who "dont hold" the stock are to post!!...

Amazing how fast those who "dont hold" the stock are to post!! Out of the goodness of their hearts!!

Firstly, this is not a HC ad. HC running an advertising panal that feeds off peoples google searches. So the poster must have searched for Lifx products. The discounts that you see are to shift the extra inventory that resulted from the accounting error and speed cash flow back into the business via the direct sales from the .com websites. Margins are much higher at the .com than through amazon or best buy!

Secondly, a cap raise was always going to be required after the $4m accounting error threw the forecasts into disarray and the global chip shortage interrupted and delayed manufacturing. PFG would have requested such things to occur as part of the loan facilities arrangements. We can also assume this makes up part of the ASX questions.

Third, the cap raise will be at a level that the instos and top 20 holders are satisfied represents a fair level for where the business is now and its likely trajectory back to where it was prior to these two speed pumps. Not where downrampers think it should be. They will base that off the market cap of the coy post CR and assess what Assets vs Liabilities looks like and how far and reliable the new projections to EBITDA positive are.

Fourth, the good news is May production was at 68% and by July the backlog will be for filled. Enough chips have been sourced for the rest of 2021.
This would also have been as ASX question.

Finally, lets wait for the cleansing statement after the cap raise to see what has transpired over the last 45 days of suspension from trading. Clean is now selling as is the switches. Question is how many and what are the orders looking like for the next few months.!