June quarter isnt looking good at all as they will have to write-off old inventories and termination of existing contracts. new distributors will slowly picking up though. Former management is such a mess at the moment. the second concern is that what if Kristy and Lin decide to bail out after they lost the votes? They have large number of shares to dump on the market unless they found an off maket purchaser. C2 can not push over 10% because they have to takeover. Not sure what to do with my 20k loss. Luckily sp up like 20% in the last couple of days. I dont know where these buyers but trade volumes look promising. The market can easily absorb 30m odd shares if former managemenr decide to dump at 20-22c level.
BUB Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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