It doesnt matter, Coz Bubs still makes loss this year. Even if its projected Revenue $50M next year, BUBS HAS very thins profits. Let along with ITS CFDA APPLICATION which is far way behind its original schedule. (Please read its FY17 annual report, it clearly states it should be lodged in 2nd Q 2018)
Even more ridiculous, Bubs brand reputation is still very low in China one year after FY17.
Surely, The management team nailed several milestone stages in the past months, however, i didn't see their passion to win this market. If so, they should take aggressively actions, such as submitted CFDA last year or signed a deal with Tmall last year. The process is very slow very slow.
They spent 0.97M in advertising, where did it go? Did u see advertisement in Australia or in China?
Bubs FY19 $50M, page-7
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