I will be taking up my entitlement in CL8.After much...

I will be taking up my entitlement in CL8.

After much consideration I believe at the price offered it offers a reasonable prospect of success.

There has been growth in the subscription revenue over the last 12 months and I could not see why this should not continue.

They have some heavy weights on the board, which should guide them through these difficult times.

There cost structure is high with an additional management appointee recently, but if he is as good as they say he is, then he should pay his way.

Much will depend on their ability to grow the car fleet. If they can substantially grow their fleet over the next 12 months and demand for their product remains their then I expect they would at least breakeven.

If this upward trend in revenue can continue and costs can be contained then the market will look more favourably on the stock.

There are risks and unknowns ahead, but for me it is a risk I am prepared to take.