Spot on mate..... I was once a fan of bubs........ I really...

Spot on mate..... I was once a fan of bubs........ I really thought it had great potential a couple of years ago, who know it may still be the next big thing........ the problem IMO is the cash burn.

I expected them to hit 50million last Financial year which they did which is a very good achievement but the cost at which they have achieved is the problem. The fact that they still can't do away with dilution of shares is really painful. Iam glad I got out wen I did sure the SP did run up a good 40% after that but it was the capital raise after capital raise that made me to get out. One year hence they are still doing it......
no clear road map as to wen it will turn the balancesheet black

any ways good luck to the holder
dont get me wrong the company may still pull it off....... But IMO they should stop another raise now atleast.
Always do your own research
AIMO
SS