I'm sure Dom would have loved to have received a positive response from shareholders and financiers when he launched into Track.
THAT lack of positive response, especially from his own shareholders, is the major reason why he has has such difficulties to get market and institution support.
Take a look at what he DID do for the Track purchase and see what he ended up with.
This from his own shareholders at the time.
In September 2015,CM8 wanted to raise $12,779,690 in a rights issue to its shareholders to enable the purchase of Track.
SHAREHOLDERS took up just $2,757,147!!!! A shortfall, albeit underwritten (to outsiders) of OVER $10 million!!!
And it just got worse from there on. After 18 tough months we are now maybe starting to to see some blue sky and CM8 being judged on its performances and not just its debt.
CM8 Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held