When is CFDA approval expected?, page-5

CFDA requires manufacturing inspection, there are more than 10 milk manufaturers with CFDA accredited in Australia. BUB has already chosen one to be the BUB' manufacturers and to submit the BUB label for CFDA. The approval may take less time due to the already manufacturer inspected, remaining for formula analysis. BUB's CFDA approval date may not meet the 1/1/2018 deadline. China may extend the deadline for IFs that already have application submitted. Worst sceneria, BUB may not sell in China stores until few months later when CFDA obtained, but still selling in cross border ecommerce. BUB just listed in ASX for less than a year, establishing marketing channels required huge efforts and financial expenditures, similar to A2M from beginning its funding from CRs. Most importantly, BUB must prove it to be a top quality in its unique goat a2 protein milk. Recently, Nulac acquisition provided BUB experiencing in quality development and quality control to challenge the world wide market. BUB has strong connections with China market via Chinese major share holders and it's ambassadors. BUB has a strong volatile in SP due to unpredictable outcomes. But when it can prove itself, its SP must be sky rocketed, jump in by the time may pay multiples of today price