BUD-LifX The Future, page-182

That’s part of being involved in shares. Buying is always easy, selling is not. Procrastination is the worse part – and that’s why I throw my dogs out very quickly (always gets worse the longer you wait especially at a lofty valuation)– there’s always a silver lining knowing that if they prove themselves, you can always get back in. Of all the tech stocks I was involved in, I can count with my single hand fingers those that improved their share prices beyond the Feb18 meltdown. Because their businesses never got the traction to justify their lofty valuation that came about because of the tech exuberance boom of late 2017.

This LIFX acquisition just proved that Buddy Ohm as a standalone business via organic growth wasn’t going to cut it. IF Buddy Ohm was going to be so saleable and will experience the growth as promised, why would management take this step to make this expensive acquisition? You would expect to let Ohm grow and then if need be, make an acquisition down the line to augment synergistic growth. The timing of the acquisition suggests it was a BAILOUT> And there’s still people hoping that Ohm will work with LIFX lighting for new wonders. You can hope, but you have already hoped too long, no? BUD becomes a smart lighting business, and when you see that there are so many other ASX traded stocks with mcap between $150-200m that already have a reasonably good profit record, it doesn’t give you a sense that you are getting much value out of this deal [ other than to safe it from becoming recognised as a business with a failed product].