Right on llsrud, just imagine what the numbers & SP would have looked like now had Dom never gone near Track.
Enough to make you weep.
This has been nothing less than value destruction. SP down 70% + CR's/dilution + transaction/interests costs + + etc
Sharks: Agreed. Your observation re net debt stood out like dogs b*lls.
Your numbers put it all in a rosy light ........ BUT ...... what would these numbers [AND THE SP] have looked like without any Track related debt, interest, repayments, CN, payments to vendors etc
One can only dream and weep.
Dom mate, get grounded, don't be a Don Quixote' - find yourself an 'Agony Aunt' and listen to her!
Love your style DD, especially the way you finished with a flourish re MBE spiking 60% on an average update - I know where I'd prefer to have had my $$ invested.
Exactly hotcongo - let's get these highly paid Track (dud) vendors off the CM8 payroll teat asap. It's nauseating. And as you rightly say it's retarding the CM8 balance sheet and is our highest cost debt.
If CM8 operations were reviewed independently with a very critical eye I strongly suspect that Track would be sold off as a net non performing/contributor cum liability.
At this stage Track really needs to clearly show that it is indispensable to future CM8 growth to justify its existence. Because, to date, it has only done the opposite.
Apart from that everything's hunky-dory.
I want CM8 to succeed so these are my constructive criticisms - sometimes I can get downright negative.
C'mon Dom!
CM8 Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
