Don't fall for the spin, they have bet the house (and then raised capital to bet even more) on the USA market. But if you look at the numbers, they are burning all of that capital in manufacturing, shipping, and marketing the product, and not making anything back on it.
In the meantime, they have made no meaningful progress in their "China reset" so they have nothing else if they cannot make USA actually worthwhile financially. Currently, they is another 4.6 quarters left before more capital raising is needed and further share value dilution takes place.
The SP levels you are wishing for were only previously held by the company when they had a significant business in the #1 IMF market in the world, China, which is long gone now. They have somehow still not even figured out that the daigou market isn't coming back, and even with the Alibaba aligned ownership (C2 Capital) they somehow haven't made any meaningful inroads back into the cross-border e-commerce channel. $4M in China sales is a tiny amount and has virtually remained stagnant since this time last year.
BUB Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)