My understanding they participated in the big cap raise at 13c done in April 2017, but they weren't formally issued the shares until the AGM approval.
There's a few red flags with this company (namely the level of director remuneration, and also a blogger on twitter gave a warning during the last share run-up, which in hindsight looks like it may have something to it) but from a valuation point of view they look really cheap.
They've gone rather quiet at the moment and the stock price has languished while investors plough money into sexier stories. However they have a potential rocket in their pocket which they may pull out at some stage. The AGM presentation mentioned research into blockchain and an Initial Coin Offering. I'd imagine the market would sit up and take notice if they announced an ICO and the digital currency could be used on their payments network.
CM8 Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
