Not sure what management has done wrong here @pathetictrader , ie worked hard to sign some deals...including UBER.....I think Brexit is a little out of their hands to control the fallout/uncertainty of that ( and the SP volatility associated).
Secondly there is no evidence that they dont have funding, however it is clear it hasnt progressed in what most of us would feel as a timely fashion.
The volatility of the SP , going up was certainly out of the hands of management....the going down (imo) can be laid at their feet (in part) , in terms of the number of " stale holders" that sold when it took off .
I would like to say that , although many may not have fully understood the UBER announcement ( DTers/and LTers alike) , and Sp ran because of it, there is no doubt in my mind that the deal strengthens the FUNDAMENTALS of CL8, and as such is a very positive announcement.
To managements credit there has been much greater newsflow and clearly there is a fair bit of action taking place behind the scenes. Personally, I am confident that the finance deal will take place, and (fingers crossed) its in the best interest of current holders , and therefore I think then we will see a re-rate...
All IMO and please DYOR
GLTAH
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