cm8 debate, page-4

Good summary.
In my opinion we are where we are because:
1) Earnings have gone down 3 consequtive quarters since start of CY16
2) High debt levels
3) Management commentary re track has not been in line with performance (earnings)
4) Strategy of moving into higher value add apps look to have gone cold. In the absence of cold hard numbers proving growth i'm not sure how much advanced value the market will put on emoji apps
5) Lack of transparency around performance of previously launched apps.

That being said, in 11months the company could very well be lighter $15m in debt. If they manage this and sustain or moderately improve earnings/revenue and cashflow, then we will be signficantly higher. Without the CEO tipping in another $250k at 16c i'd be saying the probability of this was 50/50 at best. However i'm following the CEO's lead on this one for a little bit longer.