I thought the cash was going to be used to accelerate their growth in SE Asia. It’s confusing that they spent almost all of it in a niche and captive Malaysian business without any control. Where does this minority holding in IDSB sit in IOU’s growth plan? I am also curious as to why purchase price is paid in cash without any performance hurdle/earn-out..it’s just not prudent capital management when the amount is ~90% of your capital raised.
$1 Club, page-24627
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $9.920M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.8¢ | $95.87K | 11.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1162531 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2258000 | 9 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| OVT (ASX) Chart |