I actually lost patience Rikardo, a few weeks ago, fearing the SP could weaken further, which it subsequently did.
Could this be described as a win? Even after taking a 60% haircut in the process?
Von Rico’s stellar idea of CM8 retaining a digital influencer to help staunch the haemorrhaging SP remains one of the few bright lights in CM8’s evolution, or perhaps more accurately devolution.
My only concern with it remains though: what if it has happened and no one noticed. Dang.
All that said, is all the bad news in now? I suspect not. Those interested in company affairs will know of the massive impairment charge the board has flagged in the annual account due before the end of August.
But there may be others who aren’t aware of the huge headline loss the impairment charge will spark. Could this spur a sharp savage sellldown, while providing an opportunity to buy in at absolute basement level prices?
Any thoughts on such an event occurring?
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