My godfather who pays $51 million US dollars for a damn lightbulb company that is losing money despite supposed revenue of $38M and needs an $18 million placement (8 cents that one was) to fund it along with pissing away a huge proportion of the company
DM needed an out and LIFX clearly saw him coming, he needed a distraction, to take everyone's mind of the wreckage that was OHM, after he steered us all into the rocks, but it is questionable whether little tug LIFX can salvage 3 years of prior incompetence the management executed and carry's on with today.
How many raises since LIFX purchase? % of dilution since that point, inability to assess the value of a company, inability to manufacture, inability to hit a growth target, inability to deliver on large orders and inability to deliver anything of tangible value to investors ever.
Old mate needs to go work for Domino's they will teach him how to deliver.
BUD Price at posting:
1.3¢ Sentiment: Sell Disclosure: Held
