Agree Sporty, however the US has been lucky for Bubs and I'm disappointed the profit indicated before tax is approximately $2M, This is what I was expecting without the 2 plane loads of formula sent to the US and the current arrangement at this stage ends in November this year. Each flight contains $3M in revenue, profit would have to be ~1M as the US is footing the freight bill and as of today we have approximately 9 flights to go outside of normal toddler distribution to the US. I'd thing differently about the capital raising if Bub's can pull off a mircale and have baby formula FDS approved before November.
Ann: Trading Halt, page-44
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