A year on from board ..., page-57

When there is question, concern or thing I wanted to asked, I always prefer to email to the company directly as a lot of the people here have no idea at all what is happening...

I have email Bubs around  2pm today, in less than an hours I have received a reply from them, so I am pretty happy

I am going to HOLD and average down along the way...all good....




Below is what Deanne reply:





Hi Sam,

Thank you for your email and your comments, which are noted. However, as you would understand we cannot control the share price nor are we allowed to selectively comment on future success as this would be a breach of ASX Guidelines.

In regard to the ouflow for next quarter as per the statement there was $38m cash available at the end of the quarter so I don’t see any need for a CR based on those numbers.

Bubs’s cashflow reflects investment in maintaining growth momentum, particularly in relation to China market development and supply agreements. The group’s continuing focus on its four-pillar strategy, combined with underlying investments in supply chain and capabilities, continues to deliver controlled and measured growth.  This was referred to in the ASX Announcement accompanying the Quarterly cashflow:

“Recent capital raising will provide the necessary working capital and inventory management to support growth in market development, supply chain, brand marketing and product innovation. The new capital is expected to support the next stage of growth and take the company to profitability,” said Mrs. Carr.

A report outlining the Company’s strategic progress, operational performance and future business plans will accompany the Annual Financial Report, to be lodged with the ASX on or before 28 September 2018.

I hope you find this information helpful and we thank for your continuing interest in Bubs.

Kind regards,

Deanne Curry | Project Co-ordinator

T: +61 2 8353 0401 | F: +61 2 8353 0450 | M: +61 414 388 997
[email protected] | www.gracosway.com.au
Level 21, 6 O’Connell St, Sydney NSW 2000 Australia


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