The market has zero confidence in CM8 or it’s products at the moment..
Why else is the share price where it is, with almost zero debt..
The subscription business when purchased with monies raised for $35 million, was generating $20 million in revenue per 6 mths..
Subscription revenue now $8.3 million for 6 mths and still facing “head winds..”
You’ve got to be friggen kidding me..!!
Talk about eroding share holder value..!!
I reiterate, cut bloody costs..!!!
Start buying back the shares he off loaded at 0.18 and give himself a wage cut..!!!
I repeat DOMENIC, give yourself a wage cut along with all board members, or face share holder revolt..!!
It’s friggen ridiculous the money Domenic is earning, whilst this business is going backwards..
CM8 could be making a profit if Domenic wasn’t drawing such a generous wage..!!
Domenic is in Aust next week, to meet with institutions..
This is his opportunity to outline some sort of plan, when he visits Potters’ etc..
I doubt he’ll make the most of it..
Trying hard to be positive when all I see is share holders being used to fund a lavish lifestyle in Amsterdam..
Lute..
CM8 Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held