BUD 0.00% 4.3¢ buddy technologies ltd

Ann: Acquisition of LIFX and Share Placement, page-202

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  1. 451 Posts.
    lightbulb Created with Sketch. 85
    @pocket-rocket if people buy them because it is cool or a gimmick for them, then this is a very small percentage of the market who can afford to do this.  The average household in Australia and globally can hardly afford to spend $60 - $120 on a lightbulb so they can be cool.  Which is the point I am trying to make, there needs to be a really solid argument that I will save more money on energy bills than it cost to buy the bulb and within the life span of the bulb. I would hope BUD's CFO did his maths on this before spending a large chunk of change on a potentially gimmick product with huge debts and is cashflow negative.  IMO
 
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