They're not profit making, in no way are they profit making - which numbers are you reading??? Not before tax, not after tax, hell they're not even in positive operating cash flow. I bought in, but directors selling stock, 2 capital raises in less than a year and a FALLING statutory gross profit margins are all red flags. Some positive signs on the DISTANT horizon but it's not about being in it for 5 years and the share price moving sideways over that time - I'm regretting not putting money into areas that are growing now. I am confident in long term growth but that isn't coming any time soon.
Agree with a 24mth time frame for benefits realised from decent announcements - and how many capital raises and further dilutions will it take before then? This company seems content to ask for more investor cash every time they need it rather than looking at their business model and at least aiming for cash flow breakeven.
BUB Price at posting:
91.5¢ Sentiment: Hold Disclosure: Held
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