Tails, thank you for your detail explanation and insight knowledge. I heard all ICT related business is now badly damaged, management team is trying to downplay the effects which they were not expected. Until further statement and clarifications released, I do not know their cash flow situation. my opinion is they are still negative rather than positive.
I have no doubt that the new management team seems to be more responsive and intend to produce positive outcome. However, it is all come in too little too late. not sure who in the new team is good at the Computer bussiness. by looking at their background, it seems they are all coming from Tele business. Unfortunately, nearly 70% of the revenue are coming from the ICT business. By massive dropping stuff level and ICT business. The next financial statement will have massive impact on the revenue figure.
I think the management team will eventually bring business back to positive flow by chopping whatever is possible. but the profit could be hardly worthy. Don't forget Commander is only making $20/30M net profit before it takes over Volante. it will not be able to cover the interest.
astoria, Thanks for your info as well, I hope you will be OK with your holding. IMO the price will eventually bounce back when the rest of the commander sells. but again it means noting even it has a 100% bounce if the price are at 10c level. I am not sure if you know Amander sold Orion to M2 in her last job for around $20M. HHL is holding M2 as well. Be aware she may be selling commander with that bargin price tag to M2. someone said the financial report mentioned the net asset value of Commander is $20M now after the massive writeoff.
Again, Thanks Tails
CDR Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
