NUC - Nuchev Pty Ltd

[System]

Nuchev is an Australian based, globally oriented health and nutrition company with a focus on the Australasian market.

Established in 2013, Nuchev produces, markets and sells a range of premium goat formula products into the Australian and Asian markets, with plans to expand into other health and nutrition products in the future.

Nuchev enjoys the benefits of Australia's outstanding food safety and quality control, combined with industry leading processing facilities, partnerships and people to deliver health and nutrition solutions to their customers.

It is anticipated that NUC will list on the ASX during December 2019.

https://nuchev.com.au

 

[The Triangle]

Another microcap IPO which ties it's success to the daigou market which collapsed and I don't think will recover... $2.60 to 56 cents in 2.5 years. It's a goat milk formula company and although it may have no debt and $13 million in cash, it's losing money. Last quarterly $1.8 million in the red on operating cashflows.

Why do people take the risk buying stuff like this?