Ann: First Australian Legal Q&A App and Soccer Star for New App-CM8.AX, page-78

Fact of the matter is

CM8 made 36k EBITDA today @MCap 28mil (Q3-FY15 extrapolated with Track operating at lower end)

while

MBE made 25k EBITDA today @MCap 142mil (FY2016 EBITDA guidance)

At current rates come October, debt falls below EBITDA.

Everyday this stock is derisked. 16.6m debt with 1.1m EBITDA/month is well within my risk assessment. Clearly it isn't for some and therefore they will pay more. Down rampers and traders have an easy 2 more months to play with this stock and hence the 18c SP.

Inevitably audited 2016 accounts come, DJs releases an updated brokerage report, CM8 chases down a clear balance sheet or acquires another revenue stream. Nothing has changed for me and I plan on being onboard to see all of this.

Know what you hold and why you hold it.

DYOR and GLA