It's been quiet on the forums, since it's been quiet from the...

It's been quiet on the forums, since it's been quiet from the company. It looks like trading volume was low too.

Personally, I did nothing in the way of trading, since there is no news to make any decisions.

So the last noteworthy announcement is that they raised $427k (from up to $700k) for working capital and debt repayment purposes. It was at $0.038, so that seems to be the current SP anchor point - nobody is worried enough to sell it down at the moment, and possibly someone is trying to accumulate a little more at $0.038, since they didn't get as much as they wanted from the raising.

But really, the underlying business performance is what's going to drive the SP up or down from here. The past couple of years has been mostly bad news, and currently there's no news. Can they turn it around? All we need is positive cashflow to repay the debt plus some spare for dividends/growth.

The AU economy is not looking that good (Christmas foot traffic down, housing down) but CM8 seems to be pretty internationally diversified, and already took a write-down on the AU business...