Live Deal, Inc (LIVE)

[Ultimaratioregum]

Lol. I was long this. My avg is closer to $3. I thought we would get an exciting profitable tech acquisition that would launch this to $10. Maybe a big app development company, app advertising business, maybe even a holding company with a bunch of exciting apps. Instead we got a carpet company that's only worth what we paid for it. There r no synergies with the original live business, no economies of scale, no cost savings, no added growth to either business. We leveraged up to buy cash flow. Now we have more assets and more debt with no excitement.

It's like management was like "wow our business (live deal app) is so cool and exciting we need to take things down a notch. What the most boring business we can get our hands on? Oh, I know. A carpet company!"

I also can't tell you why they spent all of that money on a carpet company and have yet to update the app!!