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Originally posted by 1ronnie
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Listed companies can make their own internal projections but when you disclose as an announcement to the market, the market would perceive that as something concrete that can be delivered (otherwise what stops every ASX listed companies from making more promising guidance - you would see their sp slammed when they miss guidance especially at the top end of the market). subsequent to ASX queries, it was revealed that the distributor would just lose their exclusivity if they don't meet the numbers - it is not contractually binding nor a take or pay, and as I said, the distributors have nothing to lose taking on Ohm, they have many failed products too that didn't get market traction. It was perception play like GSW did with Amazon. And these were the reasons why one cannot trust these management - they would not leave , they hope they get new holders who have forgotten their past deeds.
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You now believe LIFX as the new lifeline as you once did with Buddy Ohm. There is one common factor- DM presides over this LIFX transaction - you once believe an agent who sold you a lousy cruise holiday who now wants to sell you a safari adventure, it is a different venture but it is the same agent!
