NOV Chart, page-53

Yep - 100% correct.

Very weird price movement at the moment - so with a bid I placed a week or two ago, I somehow picked up another 20,000 NOV at 20.5 cents at the close.

IMO:

NOV is in a great space with the rapid move to digital payments / processing.
It has grown revenues consistently at around 50% year on year - with 19/20 revenue somewhere around $11m.
Processing revenues grew around 86% year on year.
It has just signed some great deals with VISA / Marqueta etc - and management have openly stated that they are now targeting larger deals.
It has just paid "under the odds" for the Emersion business (which is cash flow positive).
It has approximately 12m - 13m in the bank after the recent CR.
It has applied to be the first public listed Neobank in Australia - with a decision on their RADI application now expected in around 6 months time.
And it is now very close to cash flow break even (as per the recent 4C).

And to top it all off, NOV has a market cap of just $46m and a EV / Revenue ratio of around 3 - which IMO makes it awesome value for the reasons mentioned above.

There is obviously a few challenges due to COVID, particularly with Chinese student & visitor numbers being impacted significantly - but NOV has a number of revenue sources to overcome the "relatively short term impact" of this IMO.