Levelgrinder, I am super-bullish on CM8.
Hopefully from FY18 on, we won't have all these expensive one-off financing and interest payment costs eating into CM8's bottom line!
The purpose of my post was to show how costly these financing out-goings have been and how much they have been hiding CM8's real earning power.
I don't think the market appreciates how much money CM8 makes!
Even that little detail of the huge discrepancy between current liabilities and current receivables: there's a $5.5m difference locked up in those super-slow payments by the telcos!
If CM8 could win a working capital/line of credit loan from a reputable bank at a fair business interest rate to cover the 120 days those telcos take to pay up, then that's another $5.5m released for CM8 to work with....
Maybe, just maybe, now CM8 is close to having zero net debt, and a couple of years of earnings under its belt, some bank will consider doing that.
Levelgrinder, I am super-bullish on CM8. Hopefully from FY18 on,...
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