CTV 0.00% 0.8¢ colortv limited

Very Harsh.  You have a lot of up and coming hopefuls that make...

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  1. 207 Posts.
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    Very Harsh.  You have a lot of up and coming hopefuls that make pittance and yet have a higher market capital.  The difference between this year and last year is that the larger money is being earnt toward the end of the year, indicating hopefully a reversal in the downward trend; it will be interesting to see if the final quarter produces some kind of small profit when taking into account they estimated costs for the quarter around $1.2 mill (but then including the cost for buying inventory).  Given all the one of costs incurred this year, there's a much higher chance of breaking even or booking a small profit next year.  They are heading in the right direction and given their announcement, it seems the demand is there but the ability to raise funds to ignite/speed up the curve has been difficult due to the punishing nature of the market as of late.  I'd be very surprised if they closed shop given that, as a last resort, they do have the debt facility available to them.
 
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