It's not so much the research costs that are minimal being the point, it's that the setup costs of the new Apps are minimal….
For me there are two very interesting paragraphs on page 2 of the announcement that explain the minimal outlay required….. versus, massive opportunity in the Professional Sector's".
The giveaway for me is that three companies have decided that it is of benefit to their businesses to pursue this, so the fact CrowdMobile's platform has being selected re-enforces the opportunity management see in this sector.
As far as the debt everyone is focussed on….sure it exist's, and it appear's the market hasn't approved of it, but again for reason's management are far more aware of, they are happy to take on this short term debt, they have stated they are focussed on it's rapid repayment out of cash-flow….which they obviously feel is achievable, and 'Track Vendors' appear happy to have a delayed settlement, which again show's confidence in the proposal……IMHO
The initial South American market rollout's of Q&A products, should provide increasing revenue also. So again, their plan to retire debt and acquire revenue, seems to be on 'track'…excuse the pun...
Finally, as a holder of MBE also, I have been constantly comparing M/Cap, revenue, Ebitda forecasts etc, and at about 26% of MBE's M/Cap (at time of writing), CM8 looks interesting enough to me to test the water.
I have been waiting patiently to enter this stock, and have joined the ranks today….so very much looking forward to the next quarterly.
DYOR, GLTAH
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