Originally posted by Bayswaterguy
Hi Dave,
You say, "So it's not as simple as seeing a light bulb putting it in as shop and selling it. LIFX is a good product but in a business sense to make money LIFX need to sort some issues out."
I have no doubt it's that simple.
I suggest you look into Phillips, how long have they been around for? Imagine their cash backing for innovation and cost production? Then compare to little LIFX, are you surprised they have some issues?
As Phillips likely do too. LIFX must have a quality product to be ~price match. Hey?
Look at the big picture here, LIFX is definitely kicking in this space in regards its infancy. Tech will always have ongoing issues. Luckily these issues can be fixed via firmware updates.
DM had a lightbulb moment for more reasons than one, I think this will pay off and help to being cash positive.
Now we wait for Moby Dick in the very short term.
I actually agree with you ahah, I'm saying LIFX do have a good product and so do HUE. I'm saying it's not as easy as dropping it in a shop and selling it. Watch that video I reckon to make one bulb cost a little bit.
The only issue with LIFX as a product is the connection drops out sometimes besides for that it's on song.
LIFX is kicking goals but still in the negative that's an issue Bays. I'm talking about it in a stock sense as a business, private company it's doing fine.
People are blinded and don't even mention that Buddy could be spending 4 to 5 million a qtr with about 13mill in the bank. They call me stupid but that is scary without OHM gaining traction and LIFX still in the negative at present. Think about it for a second in a stock sense would you buy something burning cash like no tomorrow.
Buddy need revenue sorted before we consider a future. Remember BUD is a stock and running out of cash, all IMO.
