poorly timed cap raise with little or no justification for it,...

poorly timed cap raise with little or no justification for it, however i dont think there is much point selling out now at 1.10ish given cat will bounce around the $1 mark for a while.

the company is chewing up a lot of cash at the moment and the point made above about raising 140mill over the ladt 2 years with very little to show for it is a very sobering fact.

revenue has grown on the back of acquisitions but it is not flowing through to profits as a result of high labour costs from employing 300 people, long time lags to release new products, high r&d costs, high d & a costs and relatively small target markets for video analytics etc.

prosumer wont explode overnight and cat cant afford a massive marketing campaign so i think its sensible to assume it will take until fy20 to gain multimillion dollar revenues then several more years to reach profitability.

the next 12mo could be quite a bumpy road.