Ann: Crowd Mobile Reports Strong Third Quarter, page-13

time for us to do a CM8 vs MBE comparison, i think!

CM8 have already issued their forecast for FY17:

rev: $45m
underlying ebitda: approaching $10m
cashflow: approaching $6m

One of the big problems with CM8 ( apart from the track mess and their high interest rate loans) has been the big cost of raising money: paying consultants to find them loans, loan set-up fees, equity cap raising fees and now the penalty fee for paying out the conv note early.

Hopefully, next time CM8 David decides to take over a goliath three times larger than them, they will remember all this money-raising pain... and decide against it!

I don't understand why CM8 doesn't want to pay down the track vendors first: there is no penalty for paying that loan out. I understand it is also listed as a current liability, so makes the current assets/current liabilities ratio look bad.