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Sometime is best to sell while you still can ,and write it off...

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dleb

2,256 Posts.

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13/03/19

15:59

Post #: 37749417
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Originally posted by TradeX8 ↑

Yes unfortunately it is not looking good at the moment for CM8

They will need to pull off some serious sales agreements to resurrect the company.

If the revenues of the mature side of the operation can stabilize and be maintained and the $2m odd in cost savings across the company can see us at breakeven then I think with the new division we have some serious upside.

The gamble in this situation is the refinancing and maintaining existing revenue streams and building on the new division.

If this can happen then there is hope of light at the end of the tunnel.

The question shareholders need to ask themselves can they suffer the loss if this goes further south or are they willing to bite the bullet and hang on.

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Sometime is best to sell while you still can ,and write it off against potential taxes, imo

CM8 Price at posting: 1.3¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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