I will change to buy when either or both of the following tide turning indicators happen:
a) Ohm traction resumes on a plausible pathway towards b/e. I don't care about whether that destination is achieved exactly when advertised (though management cred does hang on that)...I care more whether the product is evolving towards being one that is self sustained and beyond sooner rather than later. First sign of that will be the next couple of 4C;s. If the revenue attributable to Ohm (explicitly or by deduction) shows a 25% or better growth, Q on Q that is close to my tipping point. Will take the context into account as well. For the record, it could and should be far greater if the verbal commitments are cemented and if some early (albeit pre-acquisition) LiFX packaging is utilised.
b) LiFX acquisition is consummated and we appear on track to realise the year 1 revenue growth projections indicated....without adversely compromising the net revenue to gross revenue ratio's.
Meanwhile, more than happy to hold. Would be happier if the tone and substance of management reporting was to also progressively but rapidly mature. Cheers and GLTA.
BUD Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held