CXZ is a very compelling purchase, I stumbled upon a podcast with you on it last night and you touched on CXZ.
I think given all the negative sentiment lately it's important to reiterate why CXZ has good prospects and what made us purchase in the first place. This goes to all holders here as well - for us to stay steadfast in our convictions. CXZs position has not only stayed sound, it has also improved since our peak price of 3.8c a few months ago. As time goes on our cash position improves. GM is reporting increasing new vehicles sales, with September actually surpassing the results from September in the previous year. Hopefully we will see this reflected in some of CXZs bottom line. In addition, GM has released OnStar insurance which is starting it's pilot with GM employees where insurance premiums are based off driving habits and usage. With CXZ integrating into DMS software via API and GMs insurance partners being part of the ecosystem, and insurance claims and repairs done through dealerships utilizing OnTrac, hopefully we see an uptick here.
I note in the presentation CXZ touch on data and utilizing the data it has from it's large network of dealers as an additional source of revenue with nominal amounts generated to date. They also touch on focusing on the development of multiple areas of revenue within the GM ecosystem, and opportunities seem to be cropping up for CXZ. I think long term CXZ, if well integrated within the ecosystem will be able to leverage off significantly from it's data as it has multiple data points. Of course, these are just my running thoughts - and I'm excited to see what the future has in store with CXZ.
Fundamentally undervalued, with significant upside and a lot of potential and minimal risk of capital raising. What more can you really ask for? Undervalued due to negative sentiment, and sell off from Lucerne still lingering and leaving a bitter taste in peoples mouths. And thus that presents us with an opportunity. Should we have a catalyst in the near future, there isn't much in the way to hold the run up back. Remember, our last run up generated enough churn to get through our register nearly 2x. That's a lot of volume. Imagine that with less sell side, infact less than 160M shares in the sell side, a stronger cash position and proven growth with a longer track record, is the sky the limit? Aaryn still has relevant interests through 10m performance rights of his own holding.
In my opinion, it's very likely that the GM contract will continue especially due to continuing customization work and over 6? years of partnerships through CTL, miRoamer, and now CtP with continued customisation work? It proves that CXZ is able to service GM in a way that turnkey products and telematics providers cannot. An announcement of this, upcoming contract with another OEM which is indicated for 2021 (which is a month or so away), and reiteration and proving of continued growth and strengthening balance sheets will surely give CXZ the rerate it deserves.
Interested to hear all your thoughts.
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Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $21.08M |
Open | High | Low | Value | Volume |
2.5¢ | 2.6¢ | 2.5¢ | $3.491K | 139.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3335843 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 361617 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3135843 | 0.025 |
5 | 1571000 | 0.024 |
1 | 21000 | 0.023 |
4 | 6068000 | 0.022 |
3 | 194890 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 361617 | 4 |
0.027 | 319000 | 2 |
0.028 | 1184655 | 3 |
0.029 | 460000 | 3 |
0.030 | 50000 | 1 |
Last trade - 13.13pm 27/06/2025 (20 minute delay) ? |
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