Come on Tambarino. This is NOT year 2000 when anything even sounding like a "tech stock" went ballistic on the "market". We all know what happened there and we have one of the main players in that era leading this company, with, what we read, holding the main strings to its success.
In reality, we have a company, just 12 months old, who, before the closure of the Track deal had a market cap of $21 million, raising $35 million, $22 million of which, borrowed, to take over Track and also increasing its issued cap by over 60%.
All the "apparent" numbers "look" great and justify your FA, but, remember that "the market" HAS recognized much of those "numbers" when it now gives a "value" of $41 million to the company, DOUBLE what it was immediately prior to the conclusion of the Track deal.
The VAST majority of the current value given to CM8 is based upon Track, the "game changer", but, that is now in the hands of CM8, albeit with interim changeover support from the former Track management.
CM8, must PROVE to "the market" that it has the capacity to at least replicate, preferably improve, the former performance of the Track management.
CM8 plus Track does NOT automatically add up to CM8Track, if you get my simple analogy.
But, that is CM8 managements challenge, to PROVE, by performance, that they can turn that analogy into practical fact and that's, IMO, what "the market" is waiting to see.
Keep in mind also, that a well respected analyst, who also works for the brokers that underwrote the share issue, declared in one of his printed assessments, that it is rare to see a profitable company in the mobile payments business. So, here we are, someone who is intimately involved in the CM8 story, STILL dumping CM8 in the "mobile payments" business!!!! How many other analysts and fund managers think likewise??? Many, I suspect.
UNTIL CM8 can come out with certified EVIDENCE that they are more than just a "mobile payment" business and translate the "pro forma" numbers in their glossy presentations into ACTUAL performance results, AND, re-structure that debt, "the market" will do well just to maintain its present assessment of the "value" of CM8.
What has happened to DSH, doesn't help one bit!! Debt, perceived or real, IS a dirty word in this market and, IMO, a major reason for why "the market hasn't jumped into the CM8 story" YET!!!!
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