CXZ 0.00% 2.7¢ connexion mobility ltd

Why are people not investing in this?, page-20

  1. 41 Posts.
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    There might be a few reasons, but for me the largest is the binary nature of the one-contract situation. This contract is soon up for renewal, and being the sole (current) source of CXZ revenue I would be putting 99% of my business efforts into successfully extending it.

    Until this contract is renewed, unfortunately the company's value approaches something close to zero, with any residual being the market's assessment of its ability to win new contracts quickly.

    I don't think funds are the answer when the MC is $12m. It needs to be 5-10x higher than this before they even let you through the door.

    In saying the above, I am highly confident of the company's ability to renew the GM deal. If and when this is achieved, we should see a significant rerate.
 
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