Just to help understand the nature of BXN which seems to escape many holders.
There are a number of small Infant Formula & Dairy products outfits. JAT ...AHF...AU8...BUB...WHA.
They are all targeting the China market either in bricks & mortar stores or online.
BXN is NOT one of them.
It is basically an MLM outfit (the only one of its kind that is listed on ASX)
MLM companies develops products that are not any superior to other products on shelves at stores.....but they have an army of distributors that grow exponentially given the "pyramid" like structure ( I am NOT implying that it is a pyramid scheme) .....These distributors are naturally consumers as well.
Large MLMs could have an army of distributors & consumers in the millions....BXN had only 150 at last count but distributors growth could be explosive.
BXN has a veteran MLM team....Let's see if they can grow the business....BXN only needs half decent products....What it needs more are the skills of the board....It has it in spades.
I am fairly upbeat about its prospects.
BXN Price at posting:
6.3¢ Sentiment: None Disclosure: Held
