Calibre floated at $1.60 - downhill all the way since.
But not all doom and gloom, they are a much better business than the market gives them credit for. Expansion into infrastructure is not yet well understood.
A large VC holds 75% of the stock, and hasn't sold. Quite the opposite, they are supporting a potential acquisition strategy that could surprise the market.
Management are next highest holders.
So when the company recently bought back 7m shares, they actually took out 20% of the free float.
Target price 50c.
CGH Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
