If this tweet is correct, and if this proceeds and if the revenue figure of $45M for LIFX is anywhere near correct, is it possible that the 'acquisition' of LIFX by Buddy would in fact be a reverse takeover of Buddy by LIFX?
As far as I know, LIFX is a private, unlisted company, and this could be a quicker way to a listing for them. Admittedly, Buddy with its $100M market cap doesn't fit the profile of a 'shell' that we most often see in RTOs.
BUD Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held
