Just a reference to the 10m cash burn mentioned. With Bubs launching their children's nutrition products "Vita Bubs" Vitamin Mineral Supplements having to stock 400 odd stores and product available by OCT.
Could production costs run that high remembering these must be produced for the company to grow before any costs are recovered. The Supplements if successful could be a huge game changer for Bub holders as Chinese mothers love anything improving their child's health.
Can live with current BUBS SP which lately has appeared stable after the wild rides of pump-an-dump. Once a Covid-19 vaccine is found and life gets back to normal I look forward for rapid SP upwards momentum. Post-Covid-19 may bring increased markets for healthy food sources or T/O.
IMO countries will not lock-down again.
BUB chart, page-2492
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $115.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $102.6K | 782.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 3506982 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 475879 | 6 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BUB (ASX) Chart |