Sentiment, page-27

Hi Tony

This stock has become a bit of a bottom drawer thing for me as I wait to see whether the new Board and CEO can get any traction in their product enhancements and market focusing. I don't have too much visibility on their progress on these fronts, but I would expect a status update from the CEO along with the quarterly later this month. Till then, the only thing to go on is the Vision and high level strategy laid out by the new CEO upon his arrival and delivered at the EGM (https://hotcopper.com.au/threads/ann-egm-shareholder-update.3343998/#.WWRCvoh97AA).

That said, I would be very surprised if there was any focus on India at the moment. I believe the focus is on immediate sales potential rather than longer term business development and proof of concept etc - and that this would be in limited sectors (eg Defense, Gov't and BFSI) and in limited markets (Aust/UK/Germ etc), where they had people and channels on the ground.

It know what you are thinking regarding BFSI and India, and the thought has crossed my mind. But I suspect that it would be too far from the core strategy for key institutional shareholders in CVT. And it wouldn't meet the acquiring parties' EBITDA requirements/needs.