This cr does is speed up the investment grade opinion of cm8 by...

This cr does is speed up the investment grade opinion of cm8 by 12 months but also reduces the upside by the dilution. In saying that, if you write off the last two years and judge cm8 from this quarter onwards (factoring in the repayment of the con note and switching from the vendor loan to a 'Normal bank' loan) you can start to see the light at the end of he tunnel.

with somewhat more confidence in projecting revenues, I don't see how 12-14m ebitda can't be achieved in fy18... and Thats without using the ' u' word