remember that the placement shares are not available for sale at this time (they don't get issued until approval at General Meeting) ....and in any case I do not believe that the vast majority of investors who participated in this fund raising would be planning to sell any time soon.
investors now have a way to invest in LIFX, plus of course the synergies between the two businesses.
market cap will grow from here, for sure. Note the performance target is USD 70m of revenues is hit by end CY19. With LIFX rate of growth, this is absolutely in play.
BUD Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
