The recent court ruling is a significant win for Bubs on multiple fronts.
Importantly, management can still pursue Alice and Willis directors personally, despite their exit from those companies and potentially target the parent group Alpha, which holds assets here with many businesses in Australia.
With an award figure around $27M on the table, this is a meaningful opportunity. Depending on recovery outcomes, there’s even potential for shareholder returns.
Equally notable. Bubs is forecasting positive cash flow this year, and with another positive EBITDA quarter just posted, that outlook is gaining credibility
BUB Price at posting:
12.3¢ Sentiment: Buy Disclosure: Held
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