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4.3¢ buddy technologies ltd

Everyone keeps harping on about the high price of LIFX bulbs and...

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drbgt40

77 Posts.

48

27/02/19

09:26

Post #: 37581606
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Originally posted by crazydave1942: ↑

LIFX has a good name so the product will sell, the issue with LIFX is the price buddy got it at and the production cost.

This part the production cost with the company making the product will show how successful LIFX will be and keeping in front of the competition.

Buddy needs to stay afloat while LIFX builds up to cash flow positive or going bust is a concern. OHM still needs to take up the slack and help out.

Being in debt and two companies burning cash is a dangerous game, all IMO.

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Everyone keeps harping on about the high price of LIFX bulbs and the high production costs. All high tech products (Mobile phones, colour TV's etc) were expensive to make and buy, but as they become popular the prices go down. In 5 years time LIFX bulbs could well cost $1 to make and sell for $2 each and LIFX will be selling too many to count.

BUD Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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