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22,121 Posts.

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20/01/16

15:07

Post #: 16833451
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Originally posted by MichaelOliver ↑

CM8 needs to hold these levels. The selling last week was absurd.

I still think CM8 will do well this year. However, people do need to remember that a great business doesn't always equate to a great stock.... The two sometimes don't align which goes against everything anyone has ever read.

Sometimes horrible businesses or ideas make incredible stocks. NOR i don't think is an amazing business, but it gave me 4x bags in a month. SRT is a shell (about to do a deal) and is worth $20m. During the early days of AJX i liked the story but revenue was a very long way off yet i exited with stupid profit. Copy and paste this with countless others.

It's honestly not always about numbers. Otherwise people would be buying my CM8 shares at $1.

And i don't buy the whole "market is waiting on confirmed figures" argument. The numbers are out there in the open for people to see. And it is very unlikely CM8 will issue a revenue or profit downgrade becasue it's a hyper growth company.

Yesterday the market was told unaudited results for November and December were encouraging and
represent an annualized run-rate for Revenue of $48.5 million and EBITDA excluding share
based payments, of $14.5 million.

$14.5m EBITDA!....... And zero interest. Take $5m off that number and the stock should still be worth $0.60+. Something is not right here. The market isn't buying the story. Which is very bizarre.

From a capital management view CM8 has been a horrible investment. Which is strange as it's one of my favorite companies. But the share price is at July 2015 levels. The capital i have here has essentially done nothing.

Small-Cap funds should be fighting each other for stock. They take substantial holdings in absolute dogs but here is a golden opportunity that doesn't come around that often... and we have tumble weeds.

It's beyond me.

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Michael. I'm probably more "positive" about this company as anyone, but, that also might be a bit subjective.
CM8 is a new kid on the block. All their numbers, post Track have been either pro-forma for presentations, or, un-audited.
I have very little doubt that this will turn out to be a huge opportunity at these prices, but, this is clearly a "punters" (as in ST holders) market and one could be forgiven to think that those numbers are SO (obvious to us) good that they could be considered to be "too good to be true" and the market wants to see "harder" evidence??

CM8 Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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