OHM sales are continuing to grow but focus did shift towards...

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McKhenry

5,323 Posts.

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07/03/19

16:46

Post #: 37688626
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Originally posted by Colstone: ↑

If LIFX gets the nod then the current share price is incorrect.
Sure there are concerns around the tariff but there is a lot of positive information coming out from both the China and US atm and they have set a date towards the end of March on the agreement. obviously that date can shift and it's not in stone. But there is no need to set a date like that if no deal is done.
revenues are 44mil and half the shares in BUD are tied up until over 100mil revenues. Why would anyone do that if they didn't know something about their company.
Institutional investors were more than happy to provide more capital at 8 cents for the LIFX deal. They either just wanted to light a match and burn some money or they have more faith.
If you look at the whole picture Thor got renegotiated and those revenues should be back this quarter. tick.
OHM sales are continuing to grow but focus did shift towards this deal so that might underpin the quarter.
they have plenty of cash. Its a cheap play at 6.5 cents. As a pure risk reward trade you can prob buy it here and worst case stop at 3 or 4 cents in 9 months. But I doubt we see those levels.
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OHM sales are continuing to grow but focus did shift towards this deal so that might underpin the quarter.

With 3rd party sales channels, I cannot see that a lack of focus could cost sales, if we are needing the direct input to close sales from the MD and senior management, we are in strife. So will be calling BS if they pull that card.

BUD Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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