Can’t say much more than what a profoundly disappointing quarter and year for CM8, which in one of the more upbeat years on the stock exchange has outdone itself in terms of shareholder wealth destruction.
I guess Dom really knew what he was doing when he flogged a tidy parcel of his equity when the SP was way north of here.
The best we can hope for a business update this week or next saying that with the massive reduction in debt, net profit for the half year just completed is way more than expected.
That of course could be completely outweighed by the thrill of knowing the company just blew a lot of loot in the digital influencer marketing space trying to find out inanities about someone no one has ever heard of.
How thrilling it is.
CM8 Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held