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The 6mil from Condat (that's if they get that) won't be used to...

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samson77

1,223 Posts.

18/12/17

11:47

Post #: 29704010
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Originally posted by mmmmgus ↑

Yes, but the question is has Gary finally distilled some sort high growth revenue making business from the various parts and just flicking the unrelated stuff? Once this is done will it be lean and mean? Could be a real catalyst - this time? From the article;

...'Considering the company has received several offers already from IT and private equity companies in Europe, this transaction could be wrapped up as soon as the first quarter of 2018. As things stand, its sale of Condat Media for ~$6 million would bring in funds matching the company’s current market capitalisation… at which point, we could see a significant correction in the company’s share price...'

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The 6mil from Condat (that's if they get that) won't be used to grow or fund anything...it will help to bring down debt, and revenue will take a massive hit initially in the process.

No doubt this will re-rate but it's a long road til then.

IVO Price at posting: 0.9¢ Sentiment: Sell Disclosure: Held
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0 Great analysis

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