Very interesting. I recommend that all investors read this Term...

Very interesting. I recommend that all investors read this Term Sheet for the $5.4m CR with BellPotter.

Track - "Profitability in this business declined as CM8 removed unsustainable revenue practices used by the previous owner." That statement surprised me - it appears "unsustainable revenue practices" created an artificially high sale price?

So, is this an admission of a useless 'due diligence' on the purchase of Track i.e. a FU by CM8 board/management, or an informed decision to buy an overpriced business based un unsustainable revenue practices. And, why do we have the architects (vendors) still on the CM8 payroll at top dollar and drawing out their payment schedule?

Not a glowing picture of competence - more like a damning inditement. At last we now all know the truth behind the SP slide that has wiped out millions of $$ of our equity. Not happy.

This CR had better improve drastically to return lost equity.