Replies to post #9240 on Lifeist Wellness Inc (NXTTF)

[drew5]

Ok I thought it said last month. I quess I should have reread it before posting my mistake.

[greenwillow]

Maybe they over-paid, maybe they didn't.

Imo, I doubt they bought the company for it's current revenue.

They bought as an investment into Namaste's "core" business, their e-commerce platform, obtaining talented engineers(staff), enhancing patient experience at a faster pace. Also, I'd imagine Namaste wanted more time, resources and attention devoted to Namaste's global platforms / websites, rather than Findify's other customers.

Happy they didn't pay Silicon Valley A.I. multiples.

It's the type of asset that could be worth 10x's what they paid for it in 1-2 years. A.I. is the future for thriving eCommerce businesses.

my 2 cents.