Judging by the latest ann. and website video, it would appear 'About crowd mobile' CM8 are now turning their attention to the Q&A market. Some holders may not be happy with this perceived change in direction and hence have gradually sold out, depressing the SP. The delay in the debt refinance wouldn't of helped either. Also, to state that CM8 'continues to perform' materially in line with the March quarter is rather ambiguous and differs from the previous 'on track for record quarterly result' ann. we have seen in the past. I would be questioning this as a holder. Wouldn't the company consider a CR to pay off the high interest rate debt given it seems to be changing focus, perhaps I am being too simplistic.
Ann: CM8 enters agreement to refinance debt-CM8.AX, page-142
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