If the next quarterly update simply shows debt continuing to reduce and the promised 'material increase' in revenue (aka even just growth in Q&A and stabilisation in track) I don't see how the trend doesn't reverse.
That is assuming he above actually happens. A profitable company with 40m+ annual revenue can't be priced much lower surely.
CM8 Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held