A really harsh view...and ignoring it is a maiden quarterly report with some legacy bits from its previous incarnation but still...
$5m in the bank, mostly shareholders money.
No revenue reported to end of December 2016.
Accrued costs of $146K to end of December 2016.
Estimated costs for current quarter to 31st March 2017 - $2.683m with only $586k planned for production and yet $610k for staff? Expensive, trendy, ell dressed little suckers these ones.
Hmmmm hello 15 cents at best until they get to work and start generating some serious value and not much time before 31st March will be upon them.
BUB Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
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