Everyone on holidays most probably. Takes time for the legal work. There are a number of other companies on the ASX who promised year end deals going through the same thing.
As recent as November CXZ were also targeting 50k and 100k vehicles to be on telematics by Y/E 2017 and 2018 respectively and that they would be cash neutral mid 2017. If so back of the envelope calculations , revenue would be $3.6M and $7.2M respectively targeting an EBITDA of around $3M y/e 2018 for the telematics product only at say a multiple of 15 = capitalisation of $45M against $10M currently (excluding out of the money oppies).
Sure, you then need to discount for the time period and risk for all the ifs and buts however seems to be a good punt at these levels.
Spozzie
Everyone on holidays most probably. Takes time for the legal...
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