Yes, it simply shows lack of understanding to even put BAL and WHA in one sentence. One is a recognised brand and a real business. The other struggles selling few tins at second tier shops. IMO the listing of WHA was only inspired by the sector running hot on ASX. Just look at hollow announcements by the faker WHA especially when it was $2+. I remember AFR ran an article on this back then telling that those are warning signs. We also have BUB that appears to be more responsible and TRYING to build a real business. But they have a long way to go; and unfortunately their management has broken the trust of shareholders and private investors during previous CRs; and they’ve burnt too many bridges for the the sake of collecting capital which likely leaves them on their own next time they need help.
BAL Price at posting:
$7.24 Sentiment: Buy Disclosure: Held
