all that is why I said fair value appears to be around 5c. its precisely why the cornerstone LIFX investor wanted an exit.
but thats the beauty of stock market - if you can get enough people to believe in a different forward view and get it funded then you can change that over time
its a triple down russian doll bet on market wanting to lift multiples on microcap IoT stories before business runs out of cash runway
thats why i said debt was surprising - most management teams would regard that as an extremely high risk approach. imagine if BUD had used debt to fund the Ohm rollout - it would now be starting to implode under servicing costs.
thats the risk they will have from here. personally i think theyll end up having to do another equity round - its tough to see even Silicon Valley Bank funding this because of the maturity curve in both businesses
BUD Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
