https://www.insurancejournal.com/news/national/2020/11/19/591322....

https://www.insurancejournal.com/news/national/2020/11/19/591322.htm"
A link for anyone interested in how General Motors and other competitors in the industry (such as Tesla and Ford) are utilizing telematics to leverage cheaper insurance premiums for their customers. As this is related to OnStar not OnTrac, this will provide no direct benefit to CXZ, but certainly shows that GM is still heavily interested in the telematics industry. Based on this I believe a renewal of the GM contract is likely in the future, GM has performed quite well throughout FY20 - partially due to producing ventilators under orders from President Trump, and the increase in new/used vehicle sales due to social distancing making public transport lengthy and unreliable. It makes little sense for GM to heavily pursue the customer side of telematics and ignore the business side (OnTrac/CXZ). The interest in competitors in pursuing a similar strategy in regards to insurance could open many doors for CXZ, and time will tell whether they achieve more contracts. The fact that the leadership of CXZ is not being paid a salary, but rather paid in additional shares shows their confidence in an eventual re-rate of the current share price to fair value - after all who would want to work in the current economic climate while getting paid nothing for their efforts?

At the very least new investors should find comfort in the fact they are very unlikely to lose money, as the current SP is cheaper than it was in FY19 despite making significant increases in profit during that time. With the large wall of buyers at 1.6c, new investors are going to have to buy up the few remaining shares at 1.7c (or wait months for their order to process), and whilst the AGM presentation didn't release anything particularly new to the market, it at least reminded them of the significant increase in revenue and profit during the financial disaster that is 2020. The exit of Lucerne decimated the SP of CXZ, it was well on it's way to heading to 5c and beyond with the release of their Half Year results - as a profit making company with no debt in the worst recession in recent memory. With the massive wall of buyers at 1.5c-1.6c, and day traders avoiding this stock like the plague (feel free to browse the archive of HC daytrading and see when CXZ is mentioned) this leaves the majority of buyers looking at the long term value. I expect a gradual return to 2-3c over the coming months, and a significant re-rate to 10-15c with the renewal of the GM contract and potentially additional contracts in the future.

Buying into CXZ at it's current price is the equivilent of buying shares in March when the words "pandemic" and "recession" were thrown around, this is one of the last small cap companies listed on the ASX which is significantly undervalued and very unlikely to fall from it's current price - as a renewal of the GM contract (very likely) would at the very least maintain the current SP, and more likely see it rocketing towards fair value. The exit of Lucerne is still lingering over CXZ and casting doubt to the market - I encourage everyone to look at the other companies Lucerne sold out of, it's nothing personal they are simply a financial institution that got decimated during FY20 and had to take profits wherever they could to appease the angry investors, and should not be seen as a lack of faith in the future of CXZ but rather what it is - a financial institution that lost ALOT of money and took profits from the few profitable investiments they had. I look forward to the day we can all celebrate adding another "0" to our initial investment. 1.6c->15c is definitely a possibility in the near future. Those patient enough to wait will be rewarded with this company.
For any new investors, a helpful link discussing fair value of CXZ https://hotcopper.com.au/threads/earnings-increasing-multiples-expanding-re-rate-commencing.5576003/