the thing i feel is being ignored - forgive me for repeating - but I just dont see it as bankable.
while equity market people tend to be optimists bankers tend to be pessimists - and I can't see them agreeing to debt finance - unless they cap and collar their risk - which almost always is almost terminally oppressive to the borrower
big neg cash burn and one qtr of positive from Lifx seem unlikely to even meet most lenders criteria. though there's always shadow banking i suppose - there are a number of financiers in New York etc who do debt + equity financing - though they tend to then attract shorters to the stock and usually they create a bull trap
i think b4 I'd go looking at multiples - I first would probably approach it assuming the deal has to be fully equity financed to be safe
then if they do manage to get traditional lending on good terms you've just go upside surprise potentially
BUD Price at posting:
7.9¢ Sentiment: None Disclosure: Not Held
