"Once Broo beer hits the shelves here, their bank balance will look healthy" - you're not taking the industry payment terms seriously Whynot50 - Broo can ship their beer, but industry average payment terms are ~90 days!! that's just Australia and I've heard worse horror stories in China
their overheads (significant salaries etc) alone will clean out their coffers and they won't be able to keep the business running past Sept.....without a capital raising and having to explain why they have mismanaged a huge IPO (vs historical performance) within 12 months
to many observers points, on the fundamentals, 130m market cap is hugely inflated and is looking very likely to be significantly corrected...
BEE Price at posting:
21.5¢ Sentiment: Sell Disclosure: Not Held