Yes it was, tomorrow should be an interesting day, trust and sentiment are challenged on this stock, but I think there is plenty of upside with the net debt potentially heading south over this current quarter of annualised EBITDA, if we continue to see cash building, as well as debt reduction, this starts getting exciting, and a lot of doubt dissipates IMHO.
I think these guy's have put a lot of effort into communicating the important details this time, like emphasising paying the Senior debt in cash, the additional near term launches, traction in South America etc,
I also think the fact CM8 is in 50 or so countries and the huge amount of telco's they are operating through means if one of these Viacom products for example does hit the sweet spot and go viral, we will see some blue sky sentiment creep back in.
DYOR.
CM8 Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
Yes it was, tomorrow should be an interesting day, trust and sentiment are challenged on this stock, but I think there is plenty of upside with the net debt potentially heading south over this current quarter of annualised EBITDA, if we continue to see cash building, as well as debt reduction, this starts getting exciting, and a lot of doubt dissipates IMHO.
