Bagger in the Making, page-145

"market cap gets lower, debt ratio gets even higher than already high, acclaimed revenue never went to cash at bank, 15% interest starts biting, and worst of all"

Market cap has nohting to do with debt
Debt ratio has not changed as market cap is not part of the calculation
Revenue often has no bearing on cash. Surplus cash is revenue less payments.
15% interest rate is high but by itself indicates nothing. Interest cover is the most reliable method to asses debt risk. CM8 has a very high interest cover of 4.5 to 5 which indicates that they can easilly pay off their debt.

As to the performance of other companies he has a board seat on really has no relevence to CM8.

Movements in the Euro have no real impact on the Debt. The debt has been borrowed in Euro and the cash flows(from track) to pay of the debt are earned in Euro's.
Where their is a impact is in reported EBITDA and NPAT as these earned mainly in Euro and are converted to $A for reporting purposes. This higher or lower EBITDA or NPAT then effects calculations such as PE ratio as the CM8 share price is expressed in $A

Overall I would give your post a 1 out of 10.