IMO,
Management should have been patient and let the business run its course over the next 2 years and focus on Track performance, Q and A model and reducing debt
Even though Track is performing at lower end of expectations - it would have been wise to focus on debt reduction using cash flows
It clearly looks like the market believes they overpaid for Track
The share price may have been stagnant for a while - but imo it is far better then resorting to more debt and dilution via a CN with so conditions and clauses not to mention 30 month timeframe
CM8 now is in a position that Debt almost equals Market cap
DYOR
CM8 Price at posting:
14.5¢ Sentiment: Sell Disclosure: Not Held
