I completely disagree about 'forgetting China' - I mean with this 4C you are basically looking at the results of having China sales grinding to a complete halt. Only $1.4M in China sales in the quarter. It's not pretty but AZ Global have tanked the business.
BUBs can't sustain themselves long term in the USA (where margins are challenging at the best of times) and Australia is too small a market. There is literally no other avenue out of the hole they are in without building back China sales. They have to focus on CBEC as daigou is too big a risk in terms of control over pricing and inventory levels. They also now have a strategic partner (C2) that might be able to better support them in CBEC.
There is nothing that surprising or new in the 4C, just a further underlining of the fact that they have less than 12 months worth of cash to get the defibrillator primed and resurrect the China business.
BUB Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
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