as you mentioned "the Beingmate investment", I don't think its fair to classify it as 'cash burn'. To me its an investment the company is betting on.
A lot of times a business need to evolve to changes and challenges(that requires capital investment), this is what i am seeing with Bubs. They are trying to create more revenue opportunities.
What you see in this investment determines how you feel about the money spent.
Defination of insanity in marketing: doing the same thing year after year and expecting a different results.
Ann: FY21 Q2 Activity Report and Appendix 4C Cashflow Statement, page-39
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $107.0M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $45.08K | 362.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 1839177 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1178385 | 22 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BUB (ASX) Chart |