1. Company has just completed a buy back of unmarketable parcels
2. The unmarketable holders had an opportunity to top up their holdings or the option not to accept the buy back
3. IMO the company has not put out any updates while the buy back was in place for obvious reasons
4. If you look at their website CM8 are working with some BIG companies in Europe now
5. I would imagine revenues are in Euro's and based on the AUD coming off this would be good for the bottom line
6. The company has only 222m shares on issue of which the top 100 control 70%
7. I would imagine the directors are still on track to reduce more debt
8. If the company is cashflow positive I would expect a dividend to be paid or even a further buy back of shares at these levels
9. Based on revenues and new business model CM8 currently under valued IMO and should be up around 14c plus
I WOULD BE EXPECTING SOME FORM OF UPDATE FROM THE COMPANY VERY SOON.
CM8 are in the business of marketing and promoting other peoples businesses so I am sure Mr Carosa being the largest shareholder of CM8 is keen to have the share value much higher and will be doing his best to see it higher
