In hindsight it would've been cheaper for CVT to have just stayed in Sydney. They have pi$$ed so much cash up against the wall going from Washington, D.C. To London to Berlin to San Francisco. Probably a couple of trips to Asia and South America for reconnaissance. Je$u$ chri$t!!!!
How naive it was on my behalf to invest in a company that was blowing so much cash (accrued losses of $70m) without a shred of evidence of any sales whatsoever.
Would be great to see a turn around from here, but all I can say is that at the very least they have a great product and are very poor salesmen. At the worst they have a product that doesn't even work.
Re-rate, page-198
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