Gass, the problem isn't that the track deal was a bad deal. No...

Gass, the problem isn't that the track deal was a bad deal. No doubt track is the main driver of the q&a growth for me and provides a larger platform for the company to expand its business.

It is the communication and lack of transparency from management.

1) when track was acquired they kept emphasising on the revenue and ebitda it generates, and based the earnout on that, when in fact they knew it was never sustainable, or they didn't do their due diligence properly.

2) when it deteriorated they did not provide any reasons.

3) when it deteriorated further it was then they had to come out to say it was due to unsustainable practice or regulatory change.

It was at this point then everyone realised crowd mobile significantly overpaid for Track, plus interest and share dilution as well as all the debt and related risks to purchase it.

That's never a good sign when investing in a company. I believe this, along with other factors are why the market is discounting the share price.

If it wasn't such a cheap company I wouldn't have invested. At least now I'm breaking even, and think there is plenty of upside in the next few years