Definitely not BUB. Was hoping to trade the stock if it could open well with lots of liquidity
The buy side is now looking weaker, along with sell side building, so this may go below IPO price in the next few days. Expect trading volume to decrease over the next few days/weeks as well.
Someone mentioned that the CEO is making $600k+ in salary. CEOs of much bigger companies get around this figure or slightly more. Don't mind if the CEO makes this kind of salary once the company hits sales targets, cashflow positive or dependent on the market cap being $150m+ (without dilution).
Offered this IPO by one broker in Melbourne and one in Perth, turned it down because I wanted to see the firm reach cashflow positive first. May end up buying in at >20cents but will be less risk.
Ann: Wattle Health Australia Commences Trading on the ASX, page-28
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