Ann: Bubs Relocates Corporate Head Quarters to Victoria, page-20

they have put a foot wrong.

Dennis Lin 4M in options for subpar conditions one reason this company value has only moved CGAR 18% since 2017. $0.8 to $1.1.

FY2020 target 6M EBITDA?! for a revenue presumably over 80-90M??? look at A2M management they were making more money with far less revenue. this just shows the company doesn't operate lean. for $4M in options then make the option conditions so that they would require a shake up in the company, and target an EBITDA of 10-12M.

this company needs to lean up and not just by moving to Victoria. go through with a fine tooth comb and make the necessary cuts. this share price needs profit of more than the net 3.5M, we'll probably get this year, and the 7-8M FY2021.

a company with revenue growing 50%-60% and earnings growth of 100% per annum will warrant a FW-PE of 45 or 55 max not 100-150 which it currently is. do the math =450Mcap in 12 months not 550-600 or 800-900 like we all hope.

sadly (As I am a holder for 4 years now) it's almost written that we'll see this back at 80-90c when the market decides the earnings just don't cut the mustard for the next 2 years to be valued at 600M MCAP. I hope we get really really good news before we get there.

I think the saving grace at the moment is the brand is phenomenal I think, and it isn't just going to "fall apart". us holders, we see the story, we see the growth - but show us the money!!!

imo dyor