Re-rate, page-252

It's easy for people to measure performance of a company / management by its share price, as it's something that you can reference every day.

However as most investors should know that share prices can overshoot on both ends, with the majority of time reflecting investor / market sentiment. Very rarely will a share price reflect the 'true' (high subjective) value of a company, hence why there is always an opportunity to profit from both long & short positions being entered.

Iam not disillusioned and agree that we need to see revenue starting to drop for CVT & I am of the firm belief that TT & management are focused on this happening. I too am underwater with my rather sizeable holding in CVT, however Iam not looking for the exits, rather want to increase my level of comfort with CVT by engaging with the company as Iam of the firm belief that when we see the UK Gov contracts finalised and move towards the prospective 25,000 seats per year (circa $4.5mil in rev) or the Prime Tender contract finalised (a slice of the 10 year / $200mil pie) and or something matierialise from Cisco or other telco partners, the share price will respond well & we will break the back of the downtrend we have been in since February this year.

If you don't like what the company is 'seemingly' doing, then vote with your feet and sell your shares. I don't see the benefit of TT / Management bashing on the forum. If you have any specific questions for TT or the company, it's in your best interest to attend the AGM or email the company directly.

Timelines are starting to slip in terms of short term revenue expectations / contract wins, however my belief is that the fundamental reason for owning CVT has not changed, if anything has only improved.

I think that both management and shareholders a like have learned this year that it takes longer to dance with prospective clients (Prime Tender, Cisco opportunities, Government) than what we have expected, with the majority of the dance being beyond our control in terms of execution, prior to the relationship being consummated.

I take a high level of comfort that TT and management own a significant number of shares and out of the money options & that Fiedelity along with TPG stumped up a nice cheque for a pre cash flow positive company at the last raise, much higher than the current share price.