Hi Gun, No one wants CVT to go below 10c. I was at the AGM last...

Hi Gun,

No one wants CVT to go below 10c. I was at the AGM last year this time and I met up with Gav another faithful CVT shareholder large holders. The price at the time was 20c. TT stood up in front of shareholders and said he didnt no why the price was so low. This was just before Fidelity took a 7% stake.

Now the price is 10.5c. With all these new contracts and great platform Cisco launches etc that CVT has done since.
The answer is very simple and it has cost me hundreds of thousands of dollars to learn this lesson in the past with Co that i believed in.

1- That if they are burning through 1.4 million month on month the Co will have to raise money every 6 to 9 mths
2- Nothing really has come from the big spending and until they show that this investment is starting to yield something the market will start to lose faith.

I think the Tech is fantastic and much needed defiantly a huge market for it. I also think that management are doing the best they can. However the ASX investor is short term and needs to see results.
Guess we will all know more on Monday. I am hoping for a few hundred k at least in receipts that will stabilise the share-price and show that customers are paying oh and some thing should be coming from the Cisco investment as well.

Will be watching with interest.

GLTAH