Just reading through some of the previous posts since operation fly formula and it appears as though investors has forgotten all about it - Free PR / marketing by Biden (POTUS) & team during the period. Penetration into US market. Brand awareness takes time and doesn't happen overnight. The market cap & share price has fallen well below previous levels even though BUB is now in a far stronger position with $64.6m in the bank as of last Quarterly update.
What is the point of taking a company public if there is no need to raise cash? The two primary purpose a company goes public on **promotion blocked** is to either raise capital or for old dogs to sell and take their money out. In this instance it's to raise cash to fund growth and expansion. Plenty of cash left in the kitty for that.
Obviously the company has to tighten corporate spending and other costs. Management just need to continue kicking goals and the share price will take care of itself. Plenty of great partnership already. Ducks have been lining up for awhile now. At the current share price of 37.5c / $280m Market Cap (undiluted), BUB is very appealing and plenty of upside potential vs downside risk.
BUB Price at posting:
37.5¢ Sentiment: None Disclosure: Held
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