The current share price is clearly disappointing. As had been...

The current share price is clearly disappointing.

As had been said elsewhere all the company needs is a high profile commitment from a large customer and resulting cash flow and things will likely start happening in terms of the share price.

I accept the nature of the product and interaction with potential customers does not allow the company to promote their activities / customer trials (other than what has been disclosed) as much as we might like as shareholders so realistically we have to assume management are not "sitting on their hands"
and take comfort in the ongoing commitment of companies like TPG continuing to be major shareholders.

I'm not saying this is a great situation for shareholders but we are dealing with a product where potential buyers will require discretion by a company.

I have a much larger exposure to this company than I would normally have to a small cap like CVT having averaged down at varies stages in the decline from 30.

Given the choice of exiting now and wearing a reasonably substantial loss or waiting to see if things are progressing in the background I am still holding. The success of the UK trials which we know a little about are my great hope at the moment for a turnaround in the share price in the medium term though we might get a positive surprise out of the blue from some of the other opportunities we know a little about such as Cisco.

Only time will tell if the potential of CVT still be realised or if shareholders have just bought into a tax deduction like many small cap companies.