@crazydave1942I seriously don't understand your motivation here...

@crazydave1942
I seriously don't understand your motivation here other than to be a fear monger.
You hold no position in buddy now. If you have lost money, move on with your life. Do you want people to sell out and if the stock moves higher its partly your fault?  Offering an opinion, negative or positive is your right. However, stick to the facts.

I will say this one last time for you.

LIFX is projected to have a revenue of approx $A100m in 2019 ( this year ). Why look at last years numbers or those in 2017 other than to make projections of 2019.?  
LIFX is expecting to have a positive EBITDA and due to (tax concessions seen in the presentation) an almost equivalent positive NPAT.
This NPAT forecast will include any funding for debt. Do you seriously think these funds have not thought of what you have thought of!!
Debt is being used to avoid further dilution at this low price point. Bud and the funds would have put these numbers into their calculations as to the right mix of debt and equity. Do you know the details of the debt? Is it a convertible note and what duration is it? Hypothetically, i would not mind further dilution in 3-4 years when the companies together are rolling in the cash to pay off that debt facility.

BUD have told us they will be break even by year end. So the final quarterly revenue will equal the costs. That should leave BUD with $8m or so. Assuming no whales land in the interim.) ( Its a real possibility, just my guess, that the whales may have known that the "control mechanics" where being worked on and have been waiting for a new development such as this Acquisition)
Costs can be reduced and sales can be increase simultaneously to achieve this. To get to this point each quarter should show a move in both directions. Once again it wont be a straight line. 
There is no question the last quarter dip was disappointing but can be explained. It is to be expected that a lot of resources have gone into this LIFX deal. Understanding that customers wanted control as well as monitoring, they had 2 choices. Build the ability to control or acquire a company that delivers to the ohm what customers want. Even if LIFX wasn't as successful ( 2nd on the planet in smart bulb sales in just 5 years ) as it is, the addition of control to buds ohm adds the essential ingredient to make this a delightful combination. ( Like bolognese sauce on pasta ).

The last part of the equation is whether people believe the price paid is fair, cheap or expensive. I am not going into that again here as we can all make up our own mind, but I do suggest DYOR on similar companies, with similar potential market place, similar growth paths in revenue and time to profitability. 

IMHO, DM has pulled in a marlin, whist out fishing for a whale!!