Net operating losses around $22m per year for the past 2 years.
So they now enough cash on hand for 4 more quarters of operating losses, if you ignore NAB facility . And I would question whether a smart banker would let them draw down just to cover further operating losses
another cr has to be on the cards right now and if so it would have to be at a substantial discount. They just dont have any wiggle room unless they slash marketing costs , and even then it would only extend for another quarter or so.
forget about samr .... why on earth would an Australian company right now be promoting their hopes of a China breakthrough and expect to be believed ?
Ignore Bubs capitalised value per sp. Their Brand Ambassador is probably now worth more .
BUB Price at posting:
43.0¢ Sentiment: None Disclosure: Not Held
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