Why the hell is this price dropping, page-60

Sorry I didn’t get back to you Smoke I read the Citi report and I can’t help feeling that the reason they cover the stock is more from a corporate angle. The assumptions are bullish in my view ... revenue to quadruple this year, and then double in the next two successive years ...and even then It doesn’t look cash flow break even in 2021 assuming they have r and d that they capitalise ....I admire your conviction but it looks hard to me.

In terms of broader tech, I don’t really see LVT as a high quality business ...it builds tile based interfaces for Microsoft share point and when I look at Microsoft’s partner web site for share point it’s not really a strategic relationship ...it has a limited shelf life in my view and I think some of the more vertically integrated Microsoft partners which are at product.office.com SharePoint sub directory such as addin365 , NINTEX, GIMMAL etc are far better placed.

You have to think about where LVT is in the stack and why it’s business is under pressure .... it is on the periphery of an organisations ecosystem not a core fundamental part of the process. For that reason I discount the multiple particularly withou Microsoft’s one single product it’s dead in the water