A few points from my perspective:
- The share price was probably quite inflated to start with and was built on hype from the cisco deal. A market capital of over 100m for a company which is yet to make even a 1M in revenue is a bit of a risky proposition.
- It seems like retail investors have been getting the short straw every point along the road. The only way for us to win out is hold until we are either getting juicy dividends or being bought out.
- CVT has been pretty slow and reserved in how its done business. It seems like only TPG and Fidelity know the true potential of this product. It gives me great confidence that they have increased their stakes, because of this I am happy to hold and see where this company ends up.
- If just a couple more contracts are signed, revenue will be pushing 1.5-2M and I would hope the share price would at least head back to $0.30
CVT Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held